Monday, October 28, 2019

This Species Is Heading to the Moon Where Trillion$ In Resources Are Waiting to be Mined

Ed.'s note: This species is going into space in a huge way which isn't generally known by the public. There are vast riches worth trillions of dollars and the race is on. This is only the beginning. Huge of amounts of money are going to be poured into the space economy in the coming years. Virgin Galactic is just one example of a private space company gearing up to go into space. Keep track of Virgin Galactic's SOCIAL CAPITAL HEDOSOPHIA HOLDINGS (SPCE) at Trading View: https://www.tradingview.com/symbols/NYSE-SPCE/ SPCE is currently a "neutral" investment with shares as of 29 October 2019 priced at US$11.75. The first prize of the space economy? The Moon. Whoever gets there first is king of the "lunar gold rush."
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Source: CNBC

Virgin Galactic shares debut as the space tourism company begins trading under the ticker SPCE

Monday, October, 28 2019 | By Michael Sheetz

Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE

KEY POINTS:
• Virgin Galactic stock soars as it begins trading on the New York Stock Exchange.
• "Virgin Galactic is making history again today as it becomes the world's first and only publicly traded commercial human spaceflight company," CEO George Whitesides says.
• The company plans to begin flying commercial flights in 2020 and aims to be profitable by 2021.
Virgin Galactic stock began trading publicly on Monday as Sir Richard Branson's space tourism company make its market debut.

The company listed directly on the NYSE, following the closing of a merger last week with Chamath Palihapitiya's venture Social Capital Hedosophia.

"Virgin Galactic is making history again today as it becomes the world's first and only publicly traded commercial human spaceflight company," CEO George Whitesides said in a statement. "For the first time, anyone will have the opportunity to invest in a human spaceflight company that is transforming the market."

Shares of Virgin Galactic rose as high as $12.93 but closed the day down just 0.3% at $11.75. The shares were previously listed under the ticker IPOA for Palihapitiya's special purpose vehicle, which took a 49% stake in Virgin Galactic. Shares of Palihapitiya's venture closed at $11.79 a share on Friday, up nearly 12% in the past three months.

"Healthy traction, but still early days," MKM Partners analyst Rohit Kulkarni said in a note to investors. MKM Partners did not participate in the offer and did not began covering the stock with a recommendation.

In essence, Monday's debut represented a name change for the company, as investors could trade shares of Palihapitiya's venture since before the merger was announced.

"If the public want to dabble a little bit in a spaceship company, own a little bit of a spaceship company, they can now do so," Branson said on CNBC's "Squawk on the Street."

Please go to CNBC to read the entire article.
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This bill signed into law by President Obama in 2015 basically allows for the "single greatest recognition of property rights in history."

H.R.2262 - U.S. Commercial Space Launch Competitiveness Act


Related:

SPACE IS NOW A GENERALLY ACCEPTED VENTURE INVESTMENT THEME

Space startup investments continued to rise in 2018

The Space Tech VC View: What Does 2019 Hold For European Startups?















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