Why has Virgin Galactic stock fallen like a rock?

Travis Hoium
06-01

$Virgin Galactic(SPCE)$ Why has Virgin Galactic stock fallen like a rock?

They didn't raise the capital needed to get to 4 spacecraft when they had the chance in early 2024.

Instead of raising ~$500 million and selling a bigger, more profitable vision, they danced a tightrope that failed.

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When you see a person/group very bullish on a stock, it's easy to brush it off as a "meme" or "crazy".

It's more profitable to ask yourself why they might be right.

The best investments often start with the "crazies" and "true believers".

$Apple(AAPL)$ $Amazon.com(AMZN)$ $Robinhood(HOOD)$ $Hims & Hers Health Inc.(HIMS)$ $Palantir Technologies Inc.(PLTR)$

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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