This article was originally published on ETFTrends.com.
By Justing Spittler
Rumor has it, pop star Justin Bieber and actor Leonardo DiCaprio are taking a trip to outer space. It sounds like a sci-fi movie, but have you heard of Virgin Galactic? Founded by British billionaire Richard Branson, the company has built the world’s first spaceship.
Let me be clear: It’s not just an idea. It’s not just a concept. It’s not just a glorified airplane. It’s a real, working SPACESHIP… tested and approved by the US Federal Aviation Administration.
Last December, this spaceship completed a successful test flight with two astronauts and a passenger on board. It blasted to the edge of earth’s atmosphere, 51.4 miles up… then safely landed just outside Orlando, Florida.
Now, the company is preparing to launch the first commercial space flight in history, which is expected to take off as soon as 2020. For the first time, civilians will have a chance to shuttle around in outer space.
The good news is you can be one of the first investors to buy the world’s first spaceship stock. And as I’ll explain… it’s an investment opportunity you should take seriously, just like these three I told you about before .
Virgin Galactic is an ultra-luxury tourism company, for now...
Virgin Galactic has already sold out its first batch of 600 flight tickets for a hefty fare of $250,000… collecting over $80 million. Another 1,500+ rich folks are on the waiting list.
As I mentioned before, the first passengers include celebrities like pop star Justin Bieber and actor Leonardo DiCaprio…
Which led investors to label Virgin Galactic an “ultra-luxury tourism company.” I’ve heard folks compare it to companies renting 300-foot-long yachts or private islands.
But make no mistake, Virgin Galactic’s ships are much more than a playground for rich people. That’s just step one in its plan to disrupt the space industry.
Space tourism is just a testing ground
Virgin Galactic has a unique business model that will let it earn hundreds of millions of dollars right out of the gate.
As a testing ground, it will sell its space flights to very rich folks as an expensive vacation. And believe it or not, there’s a huge market for this service.
The company says it needs to fly only 1,000 people a year to be a viable business. As I mentioned, there are already 1,500 on its waitlist… and the company has barely marketed the concept at all.
If Virgin Galactic pulls this off, it will rake in $250 million in its first year as a public company. That’s 2X more than Amazon and Apple earned in their first years combined, as you can see below…
POPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COM
- SPY ETF Quote
- VOO ETF Quote
- QQQ ETF Quote
- VTI ETF Quote
- JNUG ETF Quote
- Top 34 Gold ETFs
- Top 34 Oil ETFs
- Top 57 Financials ETFs
- IndexIQ September 2019 Commentary
- Market Volatility And Trade Headlines Keep Investors Guessing
- Fidelity Is the Latest to Join Shift to Zero Commissions
- Esports Player Banned From Tournament for Getting Political
- New Vaping Scare Links E-Cigarettes to Cancer in Mice