Virgin Galactic (NYSE:SPCE) is one of those companies that is high risk and high reward potential for investors. The company is literally trying to invent space flight as a business model, and could flame out before it generates any meaningful revenue.
But if the company succeeds, it could be the only company offering space tourism and mach speed travel. A decade from now, we’ll know whether the bull or the bear thesis wins out.
Don’t underestimate the risk
When thinking about where a company like Virgin Galactic will be in 10 years, you can’t deny that there’s risk the company goes under. The company is still effectively pre-revenue and burning hundreds of millions of dollars developing spacecraft. Any flaw with its test flight on Oct. 22, or even once commercial operations launch, could endanger the company.
There’s also market