Virgin Galactic (NYSE: SPCE) stock has quickly become one of the most impressively performing assets on the market. In addition, it remains in the crosshairs of Reddit traders who want to see its price shoot upwards even further.
As Virgin Galactic continues to soar above the wider stock market – both economically and physically – an increased number of investors have been expressing their interest in buying SPCE stock.
This article aims to help those who are interested by explaining the key things you need to know before investing. We run through what Virgin Galactic is, its plans for the future, and whether or not you should buy SPCE shares.
For those who want to get involved immediately, scroll down to find the two best places to buy Virgin Galactic stock in the UK and elsewhere.
How & where to buy Virgin Galactic stock online
If you want to invest in SPCE stock, sign up to a stockbroker, fund your account and purchase shares. This is a fast, easy process and you can own shares in a matter of minutes.
Here are our favourite two options; we feel they are the best platforms to buy, sell and trade Virgin Galactic shares:
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What is Virgin Galactic?
Existing beneath the wider Virgin brand, Virgin Galactic is a commercial spaceflight player. Its long-term aim (and short-term if recent news is to be believed) is to launch tourists into space. It is listed on the New York Stock Exchange under the ticker, SPCE.
Suborbital space tourism is an increasingly competitive sector, with Musk and Bezos at the forefront of it with their SpaceX and Blue Origin projects respectively. However, Branson appears to believe he can muscle in effectively and take up a robust chunk of the market share.
Why is SPCE stock rising in price?
Partly because of the positive news that it is nearer to its goals than many previously expected, and partly because of sustained buying pressure from WallStreetBets and the border retail investor community.
Should I buy SPCE stock?
If you believe wholeheartedly in the space tourism macro story and think Virgin Galactic can shock the world and gain a first-mover advantage, investing now could be a good decision.
However, make sure you recognise the elevated risks. This is an innovative, unprecedented sector and there are likely to be bumps in the road along the route to shareholder value creation.
SPCE price target
The top 12-month Virgin Galactic price prediction is $50, with a median of $33 and a low of $20. However, given the stock is already trading at $47, these estimates may be on the conversative side, at least in the short term.