Virgin Galactic Holdings Inc (SPCE)
Virgin Galactic Holdings Inc. is an American company that's part of billionaire Sir Richard Branson's Virgin Group. Virgin Galactic was the first company to provide suborbital tourist flights on its own spaceships and prepare tourists for flights on the International Space Station. In May-June 2021, Virgin Galactic successfully tested the manned SpaceShipTwo Unity launched on the VMS Eve jet aircraft designed to carry the spaceship.
On 11 July, Virgin Galactic's founder, Sir Richard, will take a suborbital flight into space on SpaceShipTwo Unity. He'll become the first billionaire in human history to go to space, beating his competitors Elon Musk and Jeff Bezos to the chase.
Virgin Galactic will carry out flights on its own spaceships made by subsidiary company Spaceship Company (founded by Burt Rutan and Sir Richard Branson in mid-2005). The company also plans to sell these spacecraft to other customers.
In 2019, the space tourism industry was worth $753 million. Analysts at UBS believe that this figure will hit $3 billion by the end of 2030 and will continue to grow an average of 16% per year. In addition, according to a report released by Cowen Inc., 2.4 million people with $5 million or more could be potential suborbital space tourism clients.
When Virgin Galactic received authorisation from the Federal Aviation Administration (FAA) for passenger flights to space, it saw a sharp increase in its stock price.
In just Q2 2021, Virgin Galactic's stock price grew by 47%, with an average intraday volatility of 8.5%.
How to buy and sell Virgin Galactic (SPCE) CFDs
If you want to buy or sell shares of Virgin Galactic (SPCE), you will need to have access to the stock markets or to a broker that is connected with the stock exchange. Alternatively, you can trade CFDs on shares of Virgin Galactic (SPCE) through a broker or trading platform, such as MetaTrader or Libertex, where leverage can be used, and you can trade even if the stock's value goes down.