spce how to invest?

vanzandt · Feb 23, 2020

Here4money said:
I see it as a pure luxury play, why Ferrari and Tesla have been doing so well. It's why I was hesitant to get on board as I feel this bubble couldn't keep pumping much longer. Looks like I got in right at the top too, BTFD

If its any consolidation, I shorted Ferrari around $106 and lost my ass on that one. fwiw.
Stupidest trade (or one of at least) I ever made. Duhhhhhh. :banghead:

ggelitetrader000 · Feb 24, 2020

vanzandt said:
If its any consolidation, I shorted Ferrari around $106 and lost my ass on that one. fwiw.
Stupidest trade (or one of at least) I ever made. Duhhhhhh.

s***, what drove ferrari so high?

ggelitetrader000 · Feb 24, 2020

Q4 for SPCE soon, analysts expecting 1.1M$ revenue on +6B$ valuation. This is shocking but I am going to bet it is not going to affect the stock price as it detached itself from fundamentals and literally riding on 100% semantics.

Bum · Feb 24, 2020

ggelitetrader000 said:
Q4 for SPCE soon, analysts expecting 1.1M$ revenue on +6B$ valuation. This is shocking but I am going to bet it is not going to affect the stock price as it detached itself from fundamentals and literally riding on 100% semantics.

Company hasn't started flying passengers yet so no reason to look at revenue until they fly.
Existing revenue probably deposits from future customers.

ggelitetrader000 · Feb 24, 2020

Bum said:
Company hasn't started flying passengers yet so no reason to look at revenue until they fly.
Existing revenue probably deposits from future customers.

i wonder whether they will disclose how many book so far. i have read somewhere margin can be as high as 70% for its business operations. if that is true it will being its margin to the visinity if apple in terms of margin.

Bum · Feb 24, 2020

ggelitetrader000 said:
i wonder whether they will disclose how many book so far. i have read somewhere margin can be as high as 70% for its business operations. if that is true it will being its margin to the visinity if apple in terms of margin.

603 bookings in January.
They're projecting 1500 passengers per year.

https://www.cnbc.com/2020/01/09/virgin-galactic-ticket-sales-will-re-open-this-year-ceo-says.html

ggelitetrader000 · Feb 24, 2020

Bum said:
603 bookings in January.
They're projecting 1500 passengers per year.

https://www.cnbc.com/2020/01/09/virgin-galactic-ticket-sales-will-re-open-this-year-ceo-says.html

So that amounts to
375M / yr revenue
93M quarterly revenue
Assuming 6 passengers can be carried single rocket they got, 4.1 passenger per day.
Feasible? Still coming far short of several billion capitalization.
Here we are talking about ideal scenario:
- no crash like in the past.
- no expenses.

vanzandt · Feb 24, 2020

ggelitetrader000 said:
s***, what drove ferrari so high?

https://elitetrader.com/et/threads/the-stock-that-never-goes-down.311694/

ggelitetrader000 · Feb 25, 2020

did they report Q4 on 2/13/2020? that is what etrade quote saying 0.44 per share but i dont see any related news. on nasdaq they say it is tomorrow after market 2/25/2020. Confused

vanzandt · Feb 25, 2020

ggelitetrader000 said:
did they report Q4 on 2/13/2020? that is what etrade quote saying 0.44 per share but i dont see any related news. on nasdaq they say it is tomorrow after market 2/25/2020. Confused

When in doubt, always go to the source. What's their webpage say under investor relations?