Richard Branson’s space company, Virgin Galactic, The company is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists. The company is still at the very start of its technological journey and thus –still is defined as a ‘blank check’ company. Therefore, this means that investors were buying shares in a company that was yet to generate a single penny in revenue – let alone profit. However, Virgin Galactic investors will be hoping that the firm will be the one to dominate the future of space tourism.
When Virgin starts selling private trips to space, the per-share price of its stock will likely skyrocket. Getting in now while the company reports losses and the price is still in the double digits could be a prime opportunity.
How do I buy Virgin Galactic stock?
To buy shares in Virgin Galactic Holdings Inc, you’ll need to find an FCA-regulated broker that gives you access to the New York York Stock Exchange (NYSE). However, you need to dive a little bit deeper before opening an account, about fees, commissions, payment methods, customer support, and user-friendliness.
These days, many people open a brokerage account with online brokers rather than working with a person. To find the best online broker for you, look for discount brokers that require a low minimum investment and charge no ongoing account fees. Other brokers, called robo-advisors, offer a combination of access to financial planners and automated investing technology. If you want a service to make investment decisions for you, Betterment and Personal Capital are a good option.
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Should I Buy Virgin Galactic Shares?
The real question is, When will Virgin Galactic begin to make money? Like its competitors, Virgin Galactic continues to report losses because it heavily invests in the research and development of commercial spacecraft, but the payoff is still a few years away. Do you believe that Virgin Galactic will be successful in its desire to bring space tourism to the wider markets? If so, then this growth stock could be a good addition to your wider portfolio.
Unlike its major competitors, SpaceX and Blue Origin, Virgin Galactic is owned by a company with extensive experience in aviation. Using spacecraft for hypersonic intercontinental travel can give Virgin access to a broader customer base than just the few who would be able to afford space travel. Even if Virgin loses the race to be first in space, the company’s decades of research and development ensure that it won’t be far behind and will likely continue to be a strong industry player.
What is Virgin Galactic stock prediction?
The 12 analysts offering 12-month price forecasts for Virgin Galactic Holdings Inc have a median target of $17, with a high estimate of $36 and a low estimate of $9.
Is Virgin Galactic a Buy, Sell or Hold?
Be careful to keep stakes to a minimum, not least because there is no guarantee that Virgin Galactic will one day make it big. It would be wise to limit Virgin Galactic to a small, speculative piece of a well-diversified portfolio.