Virgin Galactic Holdings Inc (SPCE)

Virgin Galactic is a subsidiary of the Virgin Group, founded in 2004 in the United States with the aim of developing an innovative space tourism industry, as well as designing light satellites. Subsequently, it also developed the LauncherOne suborbital cargo space ships and a number of carrier aircraft. The company also owns a private spaceport Spaceport America, which is used by others in the industry.

The first tourist flight was scheduled for 2009, but due to a number of problems (including corporate reshuffles and the pandemic), it took place only in July 2021. Commercial flights have not yet been established, but despite this, about 600 passengers are already waiting for their turn. The amount of their preliminary contributions amounted to about $80 mn, and the potential income of the company is estimated at more than $120 mn.

Investment in Virgin Galactic

Initially, the main investors were:

• Virgin Group providing $100 mn for initial development;
• Mubadala Investment Company PJSC, which bought a 32% stake for $280 mn in exchange for the exclusive right to organize space travel from the UAE, and then invested an additional $110 mn in the development of the satelli
• The government of New Mexico, which has invested another $200 mn in the spaceport.

In the fall of 2019, Virgin Galactic became the world's first publicly traded company in the space tourism industry. Shares of Virgin Galactic began trading on the NYSE under the ticker SPCE. The company reportedly raised an additional $450 mn, boosting its market value to $2.4 bn.

How to buy shares of Virgin Galactic?

Just2Trade offers access to the NYSE and other major exchanges in the world. To trade shares of SPCE or other companies:

• Sign up and get access to the broker's personal account.
• Open and fund an MT5 Global brokerage account.
• Buy SPCE shares through the trading terminal.