Branson's Virgin Group, a venture capital investment firm, has a hand in 60 business, in such big-branded names such as Virgin Atlantic, Virgin Money, Virgin Media and Virgin Trains. However, in recent years, his focus has been in space-tourism.
More than a year ago, Virgin Galactic debuted on the New York Stock Exchange and became the first publicly traded space tourism company. Virgin Galactic Holdings, Inc., an aerospace company, develops human spaceflight for private individuals and researchers.
Virgin Galactic's goal is to put hundreds of thousands of people in space in the years to come. The company plans to scale operations with an estimated 115 trips this year and 270 trips by 2023. But these goals take a lot of capital because this Mach 3, delta-wing aircraft with capacity for 9 to 19 people traveling at an altitude of 60,000 feet.
Yesterday we got word that Cathie Wood’s the rock star ETF fund manager has plans on starting a space exploration ETF. According to the filing, Space Exploration ETF will focus on companies that are “leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth."
Today I noticed unusual options activity when the Smart Money bought a boat load of call options that expire tomorrow at several strike prices.
The Smart Money took advantage of the news as the stock rose close to 20%. However, something tells me this stock is going a lot higher in the coming month.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.