No this is not about a video game. Virgin Galactic and Blue Origin are owned by billionaires, Richard Branson and Jeffrey Bezos (CEO of Amazon.com). Over the weekend there was a bidding for a seat on the Blue Origin with Bezos and his brother to fly into space. The bid came out to be $28M. The flight date is set for July 20th. What does this have to do with Virgin Galactic?
Well, both companies goal is to provide trips into space and it’s one of the kind. In one of my Virgin Galactic posts I mentioned that Richard Branson trip into space won’t be until end of the year, but thing has changed. Now he wants to compete with Jeffrey Bezos to be the first into space.
Rumor has said that the predicted flight date for Branson is on the weekend of July 4th. Virgin Galactic stock has been on the move. If July 4th weekend actually happened and succeeded, the stock will fly sky high. I’m still long on this.
Good luck trading.
