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The Argument for Buying Virgin Galactic Now

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

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

Virgin Galactic (SPCE 0.51%) 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.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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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.

Stocks Mentioned

Virgin Galactic Stock Quote
Virgin Galactic
NYSE: SPCE
$2.92
(-0.51%)-$0.02

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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