How can you buy Virgin Galactic shares?

After Richard Branson explored the skies with Virgin Airways, he thought it was time to enter space. With Virgin Galactic, people with a lot of money to burn ($250,000 for a ride) can fly around space for an hour and a half. The tickets sell out easily and an investment in this interesting new business concept can certainly work out well. But how can you buy cheap Virgin Galactic shares?

Where to buy Virgin Galactic stocks?

An investment in a company that is active in commercial space can be fascinating. The total value of the market is expected to be over $800 billion over a few decades: At this time, the market is really in its early stages. It is a speculative investment that would allow you to cash in big in the long run.

It is important to stay sharp: Virgin Galactic is not alone in the space race. Elon Musk’s SpaceX and Jezz Bezos’ Blue Origin are also focusing on offering commercial flights in space. Therefore, you should wonder if the current price fits the current perspective for the company: Virgin Galactic is far from making a profit.

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How to invest in Virgin Galactic?

Virgin Galactic can be a good stock for active speculation. At the time of this writing, Virgin Galactic is the only company engaged in commercial space flight and publicly marketable. This is reflected in Virgin Galactic’s share price: the stock price has risen considerably, but it also decreases in value considerably on a regular basis. Many fortune seekers think they can make a nice profit by buying the shares.

The beauty of active trading is that you can benefit from both rising and falling price movements. When you expect the price to rise, you buy the stock. When you expect the price to fall, you open a short position. With a short position, you achieve a positive result when the share price falls.

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What is Virgin Galactic’s stock price?

Do you want to know how Virgin Galactic’s stock price is developing? Understandable! In the chart below, you can immediately see the price at which you can buy and sell Virgin Galactic CFD shares:

About Virgin Galactic, the company

Virgin Galactic is developing commercial spacecraft that will allow space tourists to make a suborbital space flight. To make that possible, the Spaceship Company, a company owned by Virgin Galactic, has developed the suborbital spaceplane SpaceShipTwo.

Virgin Galactic plans to use five of these space planes, which were first unveiled to the public in December 2019, to make suborbital flights with passengers, with a ticket price of $250,000.

Buy Virgin Galactic Shares

History of the company

The space company Virgin Galactic was founded in 2004 by Richard Branson, a British entrepreneur who had previously founded the airline Virgin Atlantic. Test flights were made with spacious aircraft. In 2004, SpaceShipOne made its first successful test flight and in 2010 the SpaceShipTwo made its first successful test flight.

In 2010, the prototype of the VVS Enterprise spacecraft also made a successful first test flight. In 2014, the first SpaceShipTwo crashed, killing the pilot. According to Virgin Galactic, the accident did not compromise the program.

In 2018, the first test flight and air-drop landing of the renewed SpaceShipTwo and the WhitekNightTwo rig took place. During some rocket engine test flights in 2018 and 2019, the height of 50 miles was exceeded several times, an altitude that Virgin considers the limit of space. Virgin Atlantic plans to launch its space flights in 2021. On the first flight, Richard Branson and his family will be the first passengers.

Virgin Galactic goes public

Virgin Galactic was awarded a stock exchange listing on The New York Stock Exchange on October 28, 2019. At the launch of this stock exchange fund, several analysts saw potential. The price rose in April 2019 to the maximum height of more than 40 dollars. Afterwards, the share price has fallen quite sharply. Almost a year after the introduction of the stock, the stock is still worth almost $6 more than the opening price of $12.90 on October 28, 2019.

Many people want to go into space

At the end of March 2020, the space company Virgin Galactic announced that nearly 8,000 people had expressed interest in a flight to space. All interested parties must make a deposit of $1,000. The ticket for the Spaceflight costs $250,000. During this flight of about ninety minutes, the passengers experience the feeling of weightlessness for a few minutes.

When enough people make a down payment, the company immediately receives sufficient liquidity. This is also a good sign and can show that Virgin Galactic can be a profitable business in the future. It can therefore certainly be interesting to buy a few Virgin Galactic shares.

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