I’ve been reading (and also writing) more about space tourism lately, but I’ve got to say, it’s pretty odd that the fresh news of the latest SpaceX fiasco………
…….was followed the very next day by Virgin Galactic ripping to new highs.
The fact of the matter is, though, that it is in fact a beautiful chart, and the surge in volume on both sides of the pattern are precisely what a long-term bull would want to see.
To be very clear, SpaceX is a private company owned by Elon, whereas the very cool ticker SPCE is a totally different enterprise, owned largely by Richard Branson. I wrote at length about all this not too long ago in a premium post.
Finally, here’s a clip from my misspent youth: the introduction to one of the cheesiest kid shows ever designed.