The topic of space travel peaked in 2021, with the “battle of the billionaires” around July of that year making the apex (Bezos/Branson/Musk). It’s been a total dog ever since, with the only exception having nothing to do with tourism – -SpaceX – – which is doing fantastically well.
Looking at Branson’s company, it was just another SPAC disaster.
Although, looking closer, maybe they’ve turned the corner. In all likelihood, however, this is probably just another instance of the very worst stocks having some fire set under them due to yet another ridiculous counter-trend bounce, as opposed to something sustainable and generated by strengthening fundamentals.
