I see an enormous amount of people giving up on this stock, and that’s understandable. Many of them are simply short to mid term traders that give specific businesses some sort of boost in order to reimagine their ever-changing industries. They have little to no interest in the long term of a stock, and are more focusing on taking advantage of turning the tables on short sellers.
SPCE is different. it’s not simply a short verse call play. It’s a revolution in travel.
People are too tied up on the idea that it is simply about space tourism, but that’s not at all what interest me; it’s the long term idea that seems to me you could revolutionize the entire air travel industry. Let me explain;
Currently, if you want to travel from (talking from point to point to point to point, total time not individually, would reply but my karma is not up to snuff as, again, this is my first post/comment ever(thanks u/ImageCreator :/ )) New York to Israel to Paris and end in Saudi Arabia, you would have to work out a multitude of days in order to do this. Now perhaps, with the explosion in zoom maybe for business aspects that will become the new normal (As Charlie Munger believes), however I highly doubt this. I think true face-to-face interaction is still where large business deals will be made (As Warren Buffet believes)
However! In the long-term business idea Virgin Galactic, it involves changing the travel industry, making days long trips, hours. Suddenly someone could travel to all those places in a mere day. To a high-level business aspect, this is huge! Time is in fact money.
Let the stock drop all you want, but I highly recommend, if you are investing instead of trading, get in on this business. I am all in, 100%. I believe in the long-term business model, yes it will start off with the wealthy doing space tourism, but eventually the price will fall, it will become more affordable, eventually it may reach a level that even the average middle-class family can take a trip into space. That will eventually fund the next wave of travel. It will change the way the world travels. Focus on the long-term, focus on the long-term ramifications. This will take the Concords idea, push it to the edge which will reduce the need of power and increase speed through lessening drag, the world can be changed. Don’t be sad that the stock is dropping now, be happy that you can buy more while you can.
Spce: I believe in the stock.
TL:DR- I am an ape who believes the future may be bright. And I believe SPCE part of it.
References are multiple but here is a simple one explaining this may take 10-15 years so again, don’t focus short term: https://www.google.com/amp/s/arstechnica.com/science/2019/11/virgin-galactics-real-goal-may-be-point-to-point-travel-around-earth/%3famp=1