Virgin Galactic Holdings (NYSE: SPCE) stock has had a strong 6 months, rising in value by nearly 90%. This growth has accelerated within the last month with a 30% share price surge. Now, after beating its main rivals to the punch by receiving a licence to send customers to the edge of space, it could be poised for even more value creation.
Virgin Galactic could be the first space tourism player to send customers to space after its approval from the US Federal Aviation Administration (FAA). Needless to say, SPCE investors have been thrilled with the news, which adds further positivity to a story that has seen huge growth in recent months.
This article explains the key things you need to know before you invest in SPCE shares, starting with one of the most important things: the best places to buy SPCE stock in the UK and elsewhere.
Where to buy Virgin Galactic stock online
The two best platforms to buy, sell and trade Virgin Galactic shares today are listed below. They have made it onto our list thanks to their low fees, quality user interfaces and general reliability. Check them out and see which one works best for you:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
What is Virgin Galactic?
Listed on the NYSE under the ticker, SPCE, it is a spaceflight company beneath the broader Virgin brand. Led by Sir Richard Branson, it aims to offer commercial space flights to suborbital tourists in the near future.
The company faces tough competition from Bezos’ Blue Origin and Musk’s SpaceX, but having already received approval from the FAA, it could have a crucial first-mover advantage within this increasingly competitive sector.
Should I buy SPCE stock?
If the commercial spaceflight macro story is something that you believe in, investing could be a good move ahead of commercialisation.
There are clear risks to investing in Virgin Galactic, but the potential rewards are undoubtedly significant.
SPCE price target
Our Virgin Galactic price forecast is as follows: a 12-month high of $50, a median of $33 and a low of $20. There is likely to be volatility along the road to shareholder value creation, but the end goal appears more and more feasible by the day.