Is Virgin Galactic in Trouble?

[@camn7542]

The lawsuit seems totally overblown as you said and the market seems to have overreacted to it.

[@_Ragnarocket]

I think you are right its just stock frustration, I'm guilty of watching this stock too closely I think I'll start checking monthly instead or when we have news. cheers.

[@damo514]

I’m with you I started that a while ago. At this point I’m so negative. There is no point in selling and just close my eyes and let it ride. the crappy part it has been eating all my other profits and just staying flat for the last year 🥲

[@_Ragnarocket]

@@damo514 I still think success is a possibility which is good haha but yeh pretty grim watching it drop to almost nothing, hopefully we will get those ships up and running without delay and Boeing lose their case. I think space travel have a lot of exciting things going on in the next few years to stir interest in space Rocket labs neutron rocket in development and the Spacex starship will need to take people to the moon. If Virgin can piggy back off some of that optimism in the space sector and release its new ships could be good.

[@marcoAKAjoe]

Thanks for the insight 👍🏼

[@Goldenticketfinancialcoach]

no mention of the next flight is a big catalyst in the stock price why they not get information out on a flight to stop this downtrend before it hits a dollar to get the stock heading back to the $2 range

[@RevanParker]

Boeing just sees Virgin is currently vulnerable and decided to take a shot

[@marcoAKAjoe]

And they also did a sloppy job for the VG mother ship...

[@Nighthawk-8050]

Me personally I'm going to keep buying more virgin stock especially when it's down $1.14 a share that a Hugh sale as far as I'm concerned. As far as the lawsuit it's a bunch of bs the judge is gonna toss it out has no merit.

[@tapas_y_vinos]

🤦‍♂️

[@denp28]

Operating one carrier ship for up to five spaceships poses significant risk. VMS Eve must operate flawlessly in the foreseeable future, as there are no definite plans to expand the fleet of motherships.

[@asymmetricinvesting]

Yes. Big risk there.

[@iFly81]

The chances of not going bankrupt in the near future are extremely low

[@nicholasmorello6370]

This is kinda huge. Boeing gave virgin galactic information that potentially worth ALOT OF MINEY.

[@daily6928]

i think its a buy.

[@Nighthawk-8050]

I call it a fire sale

[@RareRapHQ]

Me too

[@tapas_y_vinos]

😂

[@thegrinchCAPO]

I’m buying at 0.88 cents I can’t see a downside at this cheap tbh if it goes down I have a max 88% loss and if it goes up then I made money 🤷🏻‍♂️

[@johnmccullough1401]

I dropped 500$ after that successful flight. 3-4 years ago at 48$ share and lost my ass!!! It’s not even a 1$ but I’m going to buy some now anyways… think maybe 5-8 yrs or more can expand … I’m buying for long time investment

[@sendscho2260]

its absurd 25mil is 2,5% of their cash sheet. still market reacts with 20-30-40% price decrease in market cap

[@JayJay-ne9nh]

0.40 $ now today is April 23, 2024 I will come back to this post on April 23, 2028 I promise 😊

[@alexmanna6476]

I hope your right

[@noname-JS]

The market has never been more impatient, volatile and absurd.

[@earthaph5977]

Santhosh george from India booked a ticket in 2007 to become first indian space tourist..now 2024,still didnt get chance..another indian mr.gopi joined recently in blue origin &will go to next flight ...why😢

[@grantwithers]

While it probably is true that it isn't VG's problem that they were inadvertently given the trade secrets, they likely should go ahead and destroy them or license them. They're not even directly competing with BOEING.

[@Nikospap7]

There is something weird here. Isn’t Boeing an early investor in VG ? Isn’t Boeing still today an investor?How is all these reasonable? Doesn’t make sense to me

[@Nikospap7]

Boeing did invest in Virgin Galactic in the past. In October 2017, Boeing announced that it had made an investment in Virgin Galactic through its venture capital arm, Boeing HorizonX Ventures. This investment was part of Virgin Galactic's efforts to develop commercial spaceflight capabilities

[@marcoAKAjoe]

Okay thanks

[@wayhollobj36]

Thanks for the details I use Stash and today it's at , 75 cents! Obviously for even 20 bucks to start could prove profitable long term If they are selling space flights in 2926 Where do you think the stock might reach realistically?

[@tapas_y_vinos]

Garbage stock it will be under $1 soon.

[@MAE_Nerd_Out]

I’m stuck at $25 but I’ve always had faith in Virgin Galactic. I remember selling this stock at over $50 and thinking $25 was great. If I’m thinking long term 5-10 years is it okay to just keep buying every week a set amount.

[@chenzhen6360]

My concern is there won’t be enough time to build two motherships between now and 2027. If they wait until 2026 to raise capital to build motherships, there definitely not going to be enough time. Things don’t add up. Analysts should push them harder for inconsistencies. Or maybe everyone has given up on SPCE.😂

[@marcoAKAjoe]

They are probably going to have to settle for just 1 new MS

[@paros22]

Please keep posting is this going bankrupt?

[@boriskaragiannis]

can you explain to me why not all space agencies don't use this Virgin Galactic method of flying first to high altitude to avoid air resistance before opening your rockets...?

[@TheBagOfHolding]

A jet airplane can't carry a rocket capable of going to orbit with that load. Virgin galactic goes like 50 miles up and low earth orbit is like 1200 miles. Not everyone even considers where virgin goes as outerspace. The smallest rocket to reach orbit was 2.9 tons and it could only take up 9 lbs of payload. I don't think taking the rocket up and launching 45,000 feet matters when it has so long to go.

[@boriskaragiannis]

.it's not that easy to respond to this....and sadly for ya from the point of where virgin galactic reaches a rocket can easily depart....avoiding air resistance...and why i wonder youtube started deleting my comment here

[@TheBagOfHolding]

@@boriskaragiannis what rocket could they do that with? It would be big if they want to take a payload into real outerspace. 50 miles up isn't high enough for companies that want to put things into space. Starlink satellites are 7 times higher than that and they are very low earth orbit and don't stay up long. They are small but can't be launched from a rocket that would fit on a jet and reach that altitude.

[@boriskaragiannis]

@@TheBagOfHolding due...it's all matter of size...V. Galactic did it in small size...make it bigger....they proved it's better and cheaper...the question is why they do not avoid air resistance by "flying" up to a "cleaner" altitude like V.G. did

[@TheBagOfHolding]

@@boriskaragiannis the virgin galactic craft only goes up 50 miles a jet can only lift so much weight. Starlink satellites need to go 7 times that distance to reach a very low earth orbit and they don't stay up very long. Nobody needs to launch anything lower than that for commercial purposes. Virgin galactic doesn't really go to space. What rocket capable of going 400 miles up and can carry a commercial payload would fit on a jet?

[@denp28]

Sydney Canada 🇨🇦

[@boriskaragiannis]

youtube muted my comment in this video i am tryign to respond to TheBagOfHolding...all gets deleted

[@dougtrvl888]

Terrible stock to invest in Buy Rocket 🚀 Labs inside A real space company

[@based8223]

K shill

[@chasingnews2217]

Ergh impatient market vs. Not performing ? I can’t say I agree with that if you were an investor at the early stages. Reality is these guys never performed properly , look at the money spent to where they got to today , take Chamath and the scandal that went on there , I always said this company will head for the $1 mark and I’m betting it will , delta hasn’t even been tested and proven never mind flying, spent a fortune on current fleet only to realise it doesn’t make money , Branson ran off into the hills so hearing they haven’t paid Boeing says it all , some turn around need to happen but it won’t be happening any time soon imo

[@J.P.Rothchild]

Okay this is what I just found out Boeing will not when the lawsuit there's a rule if I gave you some money by mistake and I said hand it back and you tell me no I cannot sue you for one reason you accepted a gift I cannot ask for it back it's my fault that I made the mistake a bank teller told me this if I accidentally put 20 million in my account bacon ask for it back I don't have to give it back

[@asymmetricinvesting]

Trade secrets and money are not the same. Secrets are...secrets.

[@Cumdown]

You are wrong all over the place here. If the bank puts money in your account wrongly, you absolutely have to pay it back

[@joegarcia1189]

Money..

[@mansoso3903]

Bankruptcy soon

[@karlhanso]

i sold at lost losing 9800 usd, SPAC Clover Health Investments, Corp. (CLOV) current price 0.63 Chamath Palihapitiya’s SPCE 0.85, well it was my fault i have other investmen nvidia and arm at least are safe IPo, spacs are trash

[@manuelduenas3481]

😼😼🐈⏳💎🚀🚀🚀

[@FearAndLoathingInCrypto]

#ILIKETHESTOCK