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HQLA Essentials
HQLA
47 episodes
7 hours ago
What you need to know about Crypto, Companies, and Cars.
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Investing
Business
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What you need to know about Crypto, Companies, and Cars.
Show more...
Investing
Business
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SPCE | The Billionaires Race to Space
HQLA Essentials
19 minutes 12 seconds
3 years ago
SPCE | The Billionaires Race to Space

Virgin Galactic, known by its ticker SPCE, is a highly volatile, high-growth space flight company, which is supposed to be flying customers to outer space.   

After its SPAC through Chamath Palihapitiya's VC Firm Social Capital Hedosophia (with the original ticker IPOA), SPCE has come a long way towards being a real option for actual consumer space flight. It looks at the moment like flights are most likely to start with just touching the upper atmosphere and only just entering 'outer-space' in a technical sense, however, Virgin has plans to get all the way to the international space station. Even though most millionaires agree they would pay $250,000 for a ticket, it may still be some time before SPCE is charging them for commercial space flights, and even longer until the company is turning a profit. Definitely a stock to look out for though, with gains already north of 300% after its SPAC merger in September 2019. Let's not forget they also have Blue Origin (by Jeff Bezos) and SpaceX (Elon Musk's company) to compete with. These Billionaires are very competitive with their space companies.

HQLA Essentials
What you need to know about Crypto, Companies, and Cars.