Virgin Galactic (SPCE) had its shares surge when CEO Richard Branson surprised investors claiming he will beat Blue Origin CEO Jeff Bezos to outer space in a launch slated for July 11.
The launch marks an attempt to beat fellow billionaire Jeff Bezos. The latter announced in May that he will launch on his company Blue Origin’s first passenger spaceflight on July 20.
The mission – with two pilots guiding spacecraft VSS Unity carrying Branson alongside three Virgin Galactic employees – plans to launch on July 11 from the company’s operations hub at Spaceport America in New Mexico.
How Virgin Galactic (SPCE) will spark this $1T emerging sector
The space sector is a growing and emerging industry. In fact, the company has said it has more than 600 reservations for 90-minute flights that include several minutes of weightlessness, priced at $250,000 a ticket. That’s approx. $150M in reservations for an hour and a half ride.
Furthermore, in my dedicated eletter The New Frontier Report is where I reserve the most ultra exclusive stocks picks for my subscribers, my team and I look into opporunities that have explosive growth, in short, we filter out the bad for the good in a short and easy to understand report.
Virgin Galactic was one of our stock picks and it has done great for our readers so far. We believe space tourism will become a big industry with Virgin Galactic with first mover advantage.
My belief is that we are on a technological advancement in developing propulsion and small rocket technology that will make space travel easy and efficient and its first being applied to space tourism.
This business will be huge and demand for new experiences by ultra wealthy individuals will soon come to fruition. My vision is that soon enough we will be mining asteroids as well as space metals, we’ll be creating space based solar farms that can produce more solar energy, and we’ll create space based cellular networks.
The opportunities are endless and you can start investing in these companies today with the research I will bring you in my exclusive report. As you recall, the launch is in July, so the time to invest in space stocks is now!
Which stocks are you preparing to invest in today? Well, that’s why I want to point you to my The New Frontier Report.
Because we are so bullish on space and because many of the names in this space are being slept-on by Wall Street, we believe that there are actually dozens of space stocks out there with massive upside potential.
Remember, this is just the beginning of this new emerging trend but the best time to invest is now!