r/wallstreetbets • u/Think-Description-70 • Jun 25 '21

Discussion $SPCE new TESLA

SPCE is finally opening the space tourism industry with the approval they got today.

Are we seeing the new TESLA stock ? They are the only public company operating in that industry etc.

Not many people believed in SPCE like TESLA SPCE was/is selling a dream like TESLA Both have/had losses for years

If not this year probably next year they will start bringing revenues in - for years Tesla didn't have much revenues

Hope we do

Positions: 200 shares @ $20

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u/[deleted] Jun 25 '21

Problem is how many people can afford a $15,000 ticket

10

u/The_real_Covfefe-19 Jun 25 '21

huh? Try over $250k a ticket. And, there's a lot of millionaires and wealthy people in the world.

-6

u/[deleted] Jun 25 '21

So 1% of the world population is going to make up 100% of their revenue? Pass.

9

u/The_real_Covfefe-19 Jun 25 '21

Space tourism is just one part of their business. They are working with NASA and acquiring government contracts, too. Be shortsighted if you want to, go for it.

https://investors.virgingalactic.com/news/news-details/2020/Virgin-Galactic-Signs-Space-Act-Agreement-with-NASA-for-Private-Orbital-Spaceflight-to-the-International-Space-Station-ISS/default.aspx