03.12.2023 11:02:00

Are Smart Investors Giving Up On Virgin Galactic Stock? Here's What You Need to Know

In 10 years, the space economy may be a trillion-dollar industry. Some analysts seem to think -- given the rapid growth of companies like SpaceX and Rocket Lab -- that this will finally be the decade of explosive growth in space. With all the innovation happening in the industry, nobody would be surprised if these projections turned out correct.Despite this, I think we can all agree today that some of these space economy stocks were in a bubble in 2020 and 2021. A prime example is Virgin Galactic (NYSE: SPCE). The space tourism start-up once had a market cap of over $12 billion with minimal revenue. As of this writing, its shares are off by 96% from the all-time high they touched in early 2021.Many smart investors and insiders have given up on Virgin Galactic stock. Is it time for you to do the same?Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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