Virgin Galactic shares to soar 50% as space tourism becomes $3 billion market, UBS says

Virgin Galactic's spacecraft Unity flies to its new home in at Spaceport America in New Mexico on Feb. 13, 2020.on Monday with a buy rating, saying it expects the space tourism company's stock to climb more than 56% in the next one year.

"We see Virgin Galactic as the only way for consumers to gain entry into the ~560 member astronaut club in the next 5 years. There will be competitors, but the curation of the VG product from marketing to life-long brand connection, in addition to an operating model supporting a uniquely high flight-rate, separates the VG experience from the others," UBS analyst Myles Walton said in a note to investors.

UBS also expects Virgin Galactic's annual sales of tickets for rides to the edge of space will be quadrupling within just a few years of the company beginning commercial services, with a compound annual growth rate of 300% through 2024. Shares of Virgin Galactic rose about 7% in trading from its previous close of $15.92. ,So far this year Virgin Galactic's stock is up 45%.

Pro Mkt cap higher than cited addressable mkt size in your story- assume he’s not including sub orbital travel but hopefully you get the point...

Pro

Pro Is the 50% a guarantee on forward looking assurances or does the government underwrite this, or what?

Pro Hahahahahahahahaha Errrrr Hahahahahahahahahhaha PERMABULLSHIT

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