Virgin Galactic shares debut as the space tourism company begins trading under the ticker SPCE

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Virgin Galactic began trading on the NYSE earlier today under $SPCE. It is the first publicly traded space tourism company.

Palihapitiya sees Virgin Galactic as "a business that has software-like margins," telling CNBC in July that he believes there is a "really compelling risk-reward" behind space tourism. UBS, in a March report, estimated that space tourismWith a price tag of $250,000 per person, Virgin Galactic plans to carry as many as six passengers in its spacecraft at a time.

"Because it's taken so long to get this far I try not to think about the fact that we're almost there because I have thought about that for a few years," Branson told CNBC earlier this month.Expanding space tourism internationally "Abu Dhabi would like us to do a spaceport there, and we're in discussions with them," Branson said. "Italy would like us to do a spaceport there. Great Britain wants us to do a spaceport. Australia talked to us about doing a spaceport."

 

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How to be you, Sir Richard?

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“To infinity and Beyond”!

Soon will go belly up. A con stock.

Can you imagine having money invested in this when it smashes in to earth with 10 millionaires onboard. 😬

mr_jettlife

DividendRaptor lemme guess you’re buying this one too

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