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Old 10-27-2019, 10:51 PM
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Greyscale Greyscale is offline
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Default Virgin Galactic Going Public



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Any predictions on this, longterm? IPOs havent been doing too hot right now, but Branson has historically done a pretty good job setting up winners.
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Old 10-30-2019, 12:25 PM
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If the left gets their way, air travel will be a thing of the past, so I don't think long term outlooks are good.
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Old 10-30-2019, 11:17 PM
rriley rriley is offline
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Quote:
Originally Posted by Greyscale View Post
Any predictions on this, longterm? IPOs havent been doing too hot right now, but Branson has historically done a pretty good job setting up winners.
The IPO valued the company at $2.5 billion. It's going to take a lot more money for SPCE to achieve their goals and Bezos and Musk are in the same business as SPCE and will be doing IPO's at some future time.

For whoever is successful there will be a huge payoff but now they are all gambles but SPCE is the only one that the common investor can purchase shares.

And it's not about the $250,000 ride, it's about the development of space travel for the future. The first in and best dressed is likely to be the dominant operator and Musk has a head start. SpaceX has raised a lot of private funding and is now valued at more than $33 Billion.
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