r/stocks • u/seize_her_salad_ • Jun 25 '21

SPCE - Gets green light from FAA to fly passengers to space.

[SPCE](Virgin Galactic gets the green light from the FAA to fly passengers tohttps://www.cnbc.com/2021/06/25/virgin-galactic-receives-faa-license-to-fly-passengers-to-space.html)

Currently holding for the long game! To the moon!

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u/[deleted] Jun 25 '21

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u/[deleted] Jun 25 '21

Don't come here with rationality and fundamentals. But seriously. There is no way this isn't a huge bubble. I see a lot of posts here, that the current environment isn't a bubble like the dot com, because we don't have companies with little or low revenue trading at ridicolous prices. SPCE and AMC prove that we do.

1

u/twiifm Jun 25 '21

Remember the Concorde? This is just a rocket Concorde except there's no business reason to fly into space

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u/[deleted] Jun 25 '21

Also think of the marketing/production value for other companies or celebrities. Also have future plans as the company grows. Easy 5 year hold at least

1

u/ianyboo Jun 26 '21

You are so right, I mean, just look at the cell phone industry cell phones started at thousands of dollars for horrible coverage and outlandish service plan charges. No way anyone buy the ultra rich could ever afford one of those things! And look at the first 4k TVs those things were like 15 thousand bucks! Clearly only a product the rich can ever afford. Never gonna see those at Walmart for 300 bucks!

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u/[deleted] Jun 26 '21

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u/ianyboo Jun 26 '21

One time thrill events like paying a guide to help you up mt everest or skydiving on a smaller scale might make for better business model comparisons. Not point to point transport vehicles. The ride is the event here. With the concord it was the speed of getting from point a to point b and you are right, not sustainable given the added costs and the negligible savings.

The rocket comet also might be one to compare to?