Why the 24% Virgin Galactic Stock Jump Is Only the Beginning
Virgin Galactic (NYSE: SPCE) successfully flew to space for the first time since 2019 on May 22 (Saturday).
As a result, the stock jumped 24% the following Monday.
But Virgin Galactic stock has much higher to go in a space industry poised to reach $1 trillion by 2040, according to Morgan Stanley.
That’s nearly triple its 2020 value of $350 billion.
Virgin Galactic will almost certainly share in that growth.
The successful test flight represents a giant leap forward for the company’s plans to lead human spaceflight for individuals and researchers.
Here’s what you should know about this space stock meanwhile.
Tags: Stocks to Buy
The post Why the 24% Virgin Galactic Stock Jump Is Only the Beginning appeared first on Money Morning – We Make Investing Profitable.
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