The Argument for Buying Virgin Galactic Now

By Travis Hoium – Jun 19, 2024 at 4:26AM

NYSE: SPCE

Virgin Galactic

Market Cap

$183M

Today's Change

(1.95%) $0.17

Current Price

$8.88

Price as of June 26, 2024, 4:00 p.m. ET

Risk is still high, but the reward for investors could be even higher.

Virgin Galactic (SPCE 1.95%) stock has fallen so far that it has more cash on the balance sheet than the value of the entire company. If the company can get to a commercial launch in two years, the upside for investors is tremendous, which Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of June 17, 2024. The video was published on June 18, 2024.

Travis Hoium has positions in Virgin Galactic. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.