Virgin Galactic (NYSE: SPCE) burst through the $50 barrier this morning as an increased number of investors target the company that hopes to burst into space. This article tells you the latest information about SPCE shares and provides everything you need to know before you invest in Virgin Galactic.
Read this article to find out what Virgin Galactic is, what it does, what it plans to do, and what our SPCE price prediction is for this year.
If you want to buy, sell and trade Virgin Galactic shares quickly, easily and affordably, simply scroll down to the section below and choose from one of the best places to buy SPCE stock in the UK and elsewhere.
How & where to buy Virgin Galactic shares online
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What is Virgin Galactic?
It is a publicly traded corporation on the New York Stock Exchange under the ticker, SPCE. It aims to offer commercial, suborbital spaceflights for ‘space tourists’ in the near future.
At the helm of Virgin Galactic is Sir Richard Branson, who aims to be aboard the first official SPCE flight towards the stars.
This is becoming an increasingly saturated industry with some big hitters investing lots of time and money. From Jeff Bezos’ Blue Origin, to Elon Musk’s SpaceX, it is almost like a billionaires’ rivalry club.
However, despite the stiff competition, Virgin Galactic has allegedly edged ahead in the space race, being the first of the three to receive approval from the FAA for a commercial spaceflight. This could give the company a key first-mover advantage moving forward.
Should I buy SPCE stock?
If the commercial space tourism macro story captures your attention, and if you think Virgin Galactic can be at the forefront of the sector’s growth, investing now ahead of share price accretion could prove to be profitable.
There are clear risks to investing in such a complicated sector, and the aforementioned competition will be doing their best to take SPCE out of the picture, but right now, things look encouraging and market sentiment is very bullish.
SPCE price target 2021
Given the latest price action, we have revised our Virgin Galactic price target upwards, now forecasting a 12-month high of $55, a median of $35 and a low of $22.