Is Virgin Galactic in Trouble?

Shares of Virgin Galactic (NYSE: SPCE) continue to slide and investors are worried that a new lawsuit by Boeing (NYSE: BA) could impact the company. But Travis Hoium thinks this is noise in the long-term trajectory of a company that has two years before it gets to significant revenue. 

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A portion of this video is sponsored by The Motley Fool.

[camn]

The lawsuit seems totally overblown as you said and the market seems to have overreacted to it.

[_Ragnarocket]

I think you are right its just stock frustration, I'm guilty of watching this stock too closely I think I'll start checking monthly instead or when we have news. cheers.

[cragm]

no mention of the next flight is a big catalyst in the stock price why they not get information out on a flight to stop this downtrend before it hits a dollar to get the stock heading back to the $2 range

[RevanParker]

Boeing just sees Virgin is currently vulnerable and decided to take a shot

[NIGHTHAWK-]

Me personally I'm going to keep buying more virgin stock especially when it's down $1.14 a share that a Hugh sale as far as I'm concerned. As far as the lawsuit it's a bunch of bs the judge is gonna toss it out has no merit.

[denp]

Operating one carrier ship for up to five spaceships poses significant risk. VMS Eve must operate flawlessly in the foreseeable future, as there are no definite plans to expand the fleet of motherships.

[nicholasmorello]

This is kinda huge. Boeing gave virgin galactic information that potentially worth ALOT OF MINEY.

[iFly]

The chances of not going bankrupt in the near future are extremely low

[earthaph]

Santhosh george from India booked a ticket in 2007 to become first indian space tourist..now 2024, still didnt get chance..another indian mr.gopi joined recently in blue origin &will go to next flight ...why😢

[thegrinchCAPO]

I’m buying at 0.88 cents I can’t see a downside at this cheap tbh if it goes down I have a max 88% loss and if it goes up then I made money 🤷🏻‍♂️

[sendscho]

its absurd 25mil is 2, 5% of their cash sheet. still market reacts with 20-30-40% price decrease in market cap

[johnmccullough]

I dropped 500$ after that successful flight. 3-4 years ago at 48$ share and lost my ass!!! It’s not even a 1$ but I’m going to buy some now anyways… think maybe 5-8 yrs or more can expand … I’m buying for long time investment

[wayhollobj]

Thanks for the details
I use Stash and today it's at, 75 cents!
Obviously for even 20 bucks to start could prove profitable long term
If they are selling space flights in 2926
Where do you think the stock might reach realistically?

[boriskaragiannis]

can you explain to me why not all space agencies don't use this Virgin Galactic method of flying first to high altitude to avoid air resistance before opening your rockets...?

[MAE_Nerd_Out]

I’m stuck at $25 but I’ve always had faith in Virgin Galactic. I remember selling this stock at over $50 and thinking $25 was great. If I’m thinking long term 5-10 years is it okay to just keep buying every week a set amount.

[JayJay-nenh]

0.40 $ now today is April 23, 2024 I will come back to this post on April 23, 2028 I promise 😊

[chenzhen]

My concern is there won’t be enough time to build two motherships between now and 2027. If they wait until 2026 to raise capital to build motherships, there definitely not going to be enough time. Things don’t add up. Analysts should push them harder for inconsistencies. Or maybe everyone has given up on SPCE.😂

[noname-JS]

The market has never been more impatient, volatile and absurd.

[Nikospap]

There is something weird here. Isn’t Boeing an early investor in VG ? Isn’t Boeing still today an investor?How is all these reasonable? Doesn’t make sense to me

[paros]

Please keep posting is this going bankrupt?