Buy SPCE Stock? Virgin Galactic is red hot!

July 10, 2020 - Should I buy Virgin Galactic (SPCE) stock?  Virgin Galactic (SPCE) stock is red hot right now and shares appear to be breaking out of a four month trading range.  As I write this blog post, SPCE stock is trading at $19.80, up from the $15's last week

I've been trading Virgin Galactic (SPCE) stock a lot in 2020 but recently decided to stop and hold my shares purchased in the $15's for the long term.  The news continues to improve and this is the only publicly traded pure-play Space stock.

I love they have a NASA deal and will begin flying people to Space but I believe the larger opportunity is to fly people from continent to continent in just a few hours.  This is 3-5 years away but would be a massive opportunity for business travelers.

Long story short, I continue to recommend Virgin Galactic (SPCE) stock as a strong buy below $16 for the long term.

Virgin Galactic (SPCE) Earnings Date: August 3, 2020

June 29, 2020 - Virgin Galactic (SPCE) announced their Q2 earnings date tonight.  The company will report earnings on Monday. August 3, 2020 after the stock market close. 

Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company’s Investor Relations website at investors.virgingalactic.com.

I own SPCE stock in the low $15's and as a shareholder, I would like to see them complete 5 more FAA Verification and Validation provisos and open up new seat reservations.  Also, any color on when they will take Richard Branson to space before opening it up to reservation holders.

Expect the company to start rapidly sending people to space in 2021.