UAE space-tech giant Space42 launches on ADX- Gulf News | news.google.com • |
Virgin Galactic Holdings Inc. stock underperforms Monday when compared to competitors | news.google.com • |
Virgin Galactic Holdings, Inc. (NYSE:SPCE) Shares Sold by Susquehanna Portfolio Strategies LLC | news.google.com • |
Space Industry News And Top Aerospace Stocks | news.google.com • |
United Airlines Will Offer Free Wi-Fi On Flights In 2025 Using SpaceX's Starlink | forbes.com • |
Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08 | businesswire.com • |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-11-13 | 2024-09 | -4.1 | N/A | N/A | N/A |
2024-08-07 | 2024-06 | -5.4 | -4.36 | 1.04 | 19.26% |
2024-05-07 | 2024-03 | -5.2 | -5 | 0.2 | 3.85% |
2024-05-07 | 2024-03 | -5.2 | N/A | N/A | N/A |
2024-02-27 | 2023-12 | -6 | -5 | 1 | 16.67% |
2024-02-27 | 2023-12 | -6 | N/A | N/A | N/A |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-10-19 | Truist Securities | Upgrade | Sell | Sell |
2023-08-02 | Morgan Stanley | Upgrade | Equal-Weight | Equal-Weight |
2023-06-13 | Alembic Global | Upgrade | Underweight | Neutral |
2023-05-14 | Goldman Sachs | Upgrade | Neutral | Neutral |
2023-05-10 | Susquehanna | Upgrade | Neutral | Neutral |
2023-05-09 | Wells Fargo | Upgrade | Underweight |
Date | Name | Relation | Quantity | Description |
---|---|---|---|---|
2024-07-16 | AHRENS DOUGLAS T | Chief Financial Officer | 28.26K | Conversion of Exercise of derivative security |
2024-08-27 | BURNS ALISTAIR | Chief Technology Officer | 38.94K | Stock Award(Grant) |
2024-07-16 | CHITALE APARNA | Officer | 10.20K | Conversion of Exercise of derivative security |
2024-07-16 | COLGLAZIER MICHAEL A | Chief Executive Officer | 60.18K | Conversion of Exercise of derivative security |
2024-06-11 | JONAS TINA W | Director | 204.82K | Stock Award(Grant) |
2024-06-11 | KREEGER CRAIG S | Director | 233.93K | Stock Award(Grant) |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Vanguard Group Inc | 23.34M | 90.57M | 6.36% |
2023-06-29 | Blackrock Inc. | 21.55M | 83.62M | 5.87% |
2023-06-29 | State Street Corporation | 21.55M | 83.60M | 5.87% |
2023-06-29 | Geode Capital Management, LLC | 4.82M | 18.69M | 1.31% |
2023-06-29 | Morgan Stanley | 2.63M | 10.22M | 0.72% |
2023-06-29 | Northern Trust Corporation | 2.29M | 8.89M | 0.62% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-08-30 | SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF | 16.18M | 40.78M | 4.41% |
2023-06-29 | Vanguard Total Stock Market Index Fund | 8.01M | 31.07M | 2.18% |
2023-06-29 | Vanguard Small-Cap Index Fund | 6.20M | 24.06M | 1.69% |
2023-08-30 | iShares Russell 2000 ETF | 5.73M | 14.43M | 1.56% |
2023-08-30 | iShares U.S. Aerospace & Defense ETF | 4.05M | 10.20M | 1.10% |
2023-06-29 | Vanguard Small-Cap Growth Index Fund | 3.55M | 13.78M | 0.97% |
Split | Date |
---|---|
1 : 20 | 2024-06-17 |
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100% today or more
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I think one day i will see $62 hold
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EV comapny MULN reminds of of NIO in 2020 and AMC in 2021 and Tesla 6 years ago! It is about to squeeze IMO! (not financial advice). Go Made in USA! Go EV and new energy!
We want to share this best stock in 2023 with other retail investors who lost much money in 2022!
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https://youtu.be/nVhNCTH8pDs
We have to learn how to fly. -
Virgin Galactic: About To Take Off
Pinxter Analytics
Sir Richard Branson Rings Opening Bell As Virgin Galactic Holdings Joins NYSE
Drew Angerer
Virgin Galactic (NYSE:SPCE) is one of the leading space tourism companies, which aims to eventually take individuals into orbit and then on to destinations in our immediate vicinity and later to other planets. While the price tag on these exclude most of the world's population, for now, Virgin Galactic has been leading the pack at more affordable joy rides at 'just' a few hundred thousand dollars versus millions at others like Jeff Bezos's (AMZN) Blue Origin and Elon Musk's SpaceX (SPACE).After experiencing some major delays and skepticism from leading market analysts for the longest time, the company is maintaining their schedule to begin their near-final tests flights in the first half of 2023, after it being pushed back several times.
This is the crossroads the title speaks of. The company has enormous potential given the near $12 billion market size the space tourism industry is expected to reach by just 2030 and the $1 trillion in revenues it's expected to generate by 2040, but also faces stiff competitive pressures and other headwinds as it gears to launch its first orbit flights.
With this potential, I believe that Virgin Galactic, if able to overcome their headwinds, can be valued at more than 50x what it is today over the next 15 to 20 years, which can present a superb long term investment opportunity which is nearly certain to beat the broader market returns. Let's explore the ups and downs which I believe the industry and Virgin Galactic will face.
The Pro: Exponential Growth
The growth of the industry is aggressive. Every year, when analysts of various firms update their projections for the industry, the CAGR (compound annual growth rate) increases and the value of the space tourism industry increases.
Over the course of the past couple of years, industry experts and analysts have been projecting that the industry would grow at various rates, but as those years have come and gone and more and more investments are made into the industry - those projections are increasing.
A UBS (UBS) report from 2020 forecasted that the space tourism industry, both orbital and suborbital, will amount to a market size of around $3 billion. As I've linked above, this industry is now projected to reach over $12 billion by 2031 due to advancements in the field.
Allied Market Research - Space Tourism Market
Space Tourism Market (Allied Market Research)
While these advancements have made it easier and safer to achieve these flights and experiences, the most important factor is that back in 2020 the average price per flight was in the millions and is now down to a few hundred thousand US dollars. While this is by no means accessible to a majority of any population on earth, it broadens the pool of potential individuals who will be paying for these experiences.But that's what's expected to drive the long term growth, with Citi (C) projecting that the space tourism industry will reach $1 trillion in revenues by 2040. That presents an amazing opportunity for Virgin Galactic, as they remain one of the largest players in the industry.
It's noteworthy that industry prospects, as I've mentioned earlier, have been changing for the better each and every quarter for the past several years, which means that I believe we're likely to see higher estimated revenues by 2040 than the $1 trillion mark which was estimated by Citi market research.
Other Main Headwind: Competition
Right now, companies like SpaceX, Blue Origin and others have been working overtime, with the backing of massive companies behind their respective leaders, to accelerate the timeline for space tourism and commercial venturing as well as lower the overall pricing in order to attract more folks.
This means that while the industry is in its relative infancy, there are going to be multiple options for the relatively low pool of individuals who can and then will spend hundreds of thousands of dollars for space flight. Having multiple companies, as well as more well-known ones, for Virgin Galactic to compete with is going to be rough.
Even so, the company has the opportunity to pick up a good amount of market share moving forward and as a result, potentially, be worth a lot of money someday. While this is my main take from my research on Virgin Galactic, competitive pressures are worth keeping an eye out for. Furthermore, a company like SpaceX, which generates tens or hundreds of millions of dollars from commercial and government space operations, can use that to subsidize some of its operations and, as a result, can lower the price points for flights.
Another potential headwinds worth noting is that, as with many new industries, an emphasis on safety is paramount. This means that even the slightest malfunction in any system is almost certainly going to cause national and international headlines and cause hesitation amongst those who would otherwise be keen on exploring orbit and suborbital space tourism.
Share Price Potential Is Huge
While the risks with Virgin Galactic are quite something, the return is also. I continue to hold that the company can hold somewhere around 3% to 8% of the market share by 2040, given the advancements that the companies which are currently in the industry are making and the industry's relatively high barrier of entry for new players.
With a projected $1 trillion in revenues by 2040, that would mean that the company has the potential to generate an average of around $50 billion a year. Even with a 1x price to sales multiple projects the company's fair value at around $50 billion, about 50x what it is worth right now, with the company's market capitalization sitting just below the $1 billion mark.
Given the roughly 15 year time frame, that means that the company's value is projected to grow at a compound annual growth rate of just over 24% annually over the time period, which I believe will easily outperform the broader market return over that time period.
Conclusion: Risky, But Worth It
An encouraging thing about the company's near-term prospects is that they've been beating their projected earnings per share over the past few quarters, and since then they have seen additional downgrades. They have over $1 billion of cash and equivalents and are burning through roughly $400 million in free cash flow a year (negative free cash flow) to fund operations.
When it comes to the short term price action, I believe that with them sticking to their timeline for testing their rockets and making it 'tourist' ready, their share price headwinds, which saw a nearly 60% reduction over the past few quarters, are likely to end and that now is a good position to either initiate a new position in the company or add to an existing one, as I am doing.
With profitability currently expected for 2028, it's clear that they'll need another capital raise at some point and that competitive pressures do exist, but the return potential on an industry which is no longer theoretical is worth it, in my opinion.
I am increasingly bullish on the company's long term prospects and will be adding to my existing long position through direct stock purchases.
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Last year, we ran a similar newsletter around this time that made some predictions about what this year would hold for Los Angeles’ aerospace community. I’m proud to say that we were at least 75% correct – we were even right about orbital debris becoming more of an issue, as a piece of a Chinese rocket pummeled the Moon in March.
But dot.LA isn’t in the business of employing clairvoyants, so not every prediction hit home. Our last point, which anticipated more public mergers in the space sector, wasn’t exactly on the mark. At this point last year, it seemed that there was no end in sight to the booming SPAC market, and while some companies did make acquisitions this year, none of the existing private local space companies targeted a public offering in 2022.
That said, here’s a few space-related developments we’ll be tracking in 2023.
More satellites in orbit
The satellite market is only going to grow, and make low Earth orbit (LEO) even more cramped. As firms like Elon Musk’s Starlink and others work towards building mesh networks of thousands of satellites (Musk himself envisions Starlink’s constellation becoming as large as 42,000 satellites), there will likely be thousands more sent into space next year.
Legacy players like Boeing are also ramping up operations. In March Boeing opened a new factory to produce small satellites (the most common kind used in LEO) in El Segundo and will rely on its subsidiary Millennium Space Systems to help build them. Boeing said at the time it will be able to 3D-print satellite buses, which makes the process a lot faster.
Separately, Culver City-based startup Apex Space raised a $7.5 million seed round led by Andreessen Horowitz to start developing its own form of satellite bus. Apex, and other players in this niche industry, could stand to win big from an increase in launches. Overall, the satellite launch market’s expected to generate $15.3 billion in revenue by 2026, and its market share could swell by 20% within the next six years.
Smaller launch providers ramp up operations
Piggybacking off of demand for small satellite launches, there’s a large contingent of local rocket makers that will likely see an uptick in demand for their capabilities in 2023.
Rocket Lab, for starters, has a number of planned missions including developing two spacecraft for the University of California Berkeley's Space Sciences Laboratory’s upcoming mission to Mars’ orbit.
Relativity Space, a Long Beach-based competitor to Rocket Lab that 3D-prints entire rockets, delayed its first big test of its Terran 1 rocket until next year while awaiting NASA certification, so keep an eye out for that test. It’ll be the first time Rocket Lab, which has operations in New Zealand, has launched from U.S. soil and is expected to take place sometime in January.
SpinLaunch, another Long Beach-based startup, is developing a new method to send satellites to orbit – a robotic arm that flings them into space like a slingshot. In October, SpinLaunch conducted its 10th successful test launch of the year and the company said it plans to send small constellations of satellites into orbit within the next three years.
And there’s also Outpost, a Santa Monica-based startup developing tech to precisely land orbiters back on Earth to reuse them after they deliver payloads, which said it wants to launch next year.
NASA’s ambitions for the Moon and Mars
Don’t overlook what’s going on at NASA! This year NASA and its Pasadena-based outpost at the JPL pulled off some truly impressive experiments on Mars, from remotely conducting test flights with the Ingenuity helicopter to detecting earthquakes on the red planet with its InSight lander and collecting samples with its Perseverance rover. Ingenuity worked so well NASA is planning to send up two more Mars choppers in coming years.
In August NASA sent its Orion capsule around the moon, the first test flight in its Artemis mission, which aims to send a woman and person of color to the moon’s surface by 2024. This upcoming year will be chock-full of collaboration with the private sector and rigorous development at JPL and other NASA outposts to hit that deadline.
SpaceX is developing a Starship lander that will bring humans to the Moon via its Super Heavy rocket, and so is rival Blue Origin.
SpaceX’s hold on government contracts could increase
Speaking of NASA, expect more companies to bid aggressively for government contracts, whether that’s for launch capabilities, development, testing, or even just research for future endeavors.
SpaceX has a growing monopoly on space launch contracts because it’s fast and cheap. But if the companies mentioned earlier can begin to offer competitive tech at a rapid clip, they could take advantage of NASA’s willingness to pay the private sector to work out the kinks in launch.
Space tourism (and maybe space hotels)
This one was on our list last year, and it bears mentioning again, because it’s going to remain a hot topic.
According to analysts at UBS, the space tourism market could reach a value of $3 billion by 2030.
Next year we have several locals eager to take the wealthy on a jaunt to the final frontier, including Richard Branson’s Virgin Galactic, which is reportedly on-track to launch space tourism flights next year. SpaceX will fly Japanese billionaire Yusaku Maezawa and a crew of eight artists and celebrities (including D.J. Steve Aoki) around the moon next year.
So far these are all suborbital flights, meaning that it’s basically an up-and-down mission. But in the future, if some of the local companies promising space hotels – like Vast or Orbital Assembly – manage to get enough funding and manpower to build a commercial space station, that could radically change how humans as a species interact with the cosmos.
Sic itur ad astra, and we’ll see what next year holds.— Samson Amore
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Elon Musk and Richard Branson are great friends and where RB hopes to fly on SpaceX rockets, Musk is on line to fly on VG.
They are close connected for the success.https://www.cnbc.com/amp/2022/04/06/richard-branson-hopes-to-fly-with-elon-musk-spacex.html
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Just a speculative move against SPCE that needs some understanding. Hard to understand this price even in case of a failed scenario.
I am not a conspiracy theorist, but I would non exclude that the current move is made on purpose by somebody to get these shares at a very discounted price.
The stock is liquid and it has a 4 star rating in terms of liquidity. It is not a illiquid market and stock, so there is somebody on the opposing side that is buying the shares from the sellers at these discounted prices.
Here something is going on. -
Call branson now !! He Fuck everyone in $SPCE
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Smell is bad. But makes little sense the lack of support. This is really way too low. Too steep the decline for a company that is supposed to try something big in 2023.
Expectations are now way to low.
I imagine who bought a ticket to space how does he feels now.
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UAE space-tech giant Space42 launches on ADX- Gulf News
news.google.com • -
Space Industry News And Top Aerospace Stocks
news.google.com • -
Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
businesswire.com • -
7 Tech Stocks to Sell Before They Plummet in a 2024 Recession
investorplace.com • -
7 Space Exploration Stocks That Could Pioneer New Frontiers
investorplace.com • -
Virgin Galactic Holdings, Inc. (SPCE) Q2 2024 Earnings Call Transcript
seekingalpha.com • -
Virgin Galactic's sales double as more space tourists join the line
marketwatch.com • -
3 Space Tourism Stocks That Could Skyrocket by 2025
investorplace.com • -
3 Risky Stocks to Steer Clear of in 2024
investorplace.com • -
Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
businesswire.com •