I just looked at Virgin Galactics balance sheet. Now I can go tell everyone that I have more cash than a $2 billion space company. https://finance.yahoo.com/quote/SPCE/balance-sheet?p=SPCE They have a whooping $48k in the bank.
Check it out... I just went to Finviz to verify that $48K balance sheet, and someone at Barrons wrote about this last week. https://www.barrons.com/articles/st...veashare-51576505992?siteid=yhoof2&yptr=yahoo He even mentioned SPCE. Someone even has a website that'll do it for you. https://www.giveashare.com/stock.asp?buy=virgin-galactic-stock $101 for one share though. A smart kid would toss it back at their parents and call them stupid.
So this company (above) Giveashare... I was looking at how in the world they can charge $3500 for one framed share of AMZN and they have this disclaimer: *** Note*** Because Amazon's high stock price and the fact that the SEC requires us to charge a minimum of twice the stock price, you may be able to purchase it more economically through a broker. We keep it on our website because we can provide the authentic stock certificate (brokers can't) and some people still want to use our unique service. I wonder what that's about. Why would the SEC require them to charge twice the share price? Anyway, I found the Transfer Agent for $SPCE. https://www.continentalstock.com/faqs/ So that appears to be the place to buy these things. Need to get to the bottom of this "twice the share price" thing though. That doesn't sound right. More to follow later.
My guess, at market value, would bee equivalent to smuggling the $$$ out of US. Inspection at Mexico border : Officer gives a quick look at the back seat ; Single piece shining through the box, full of papers - Officer : ,,What are those, mister ? Guy : ,,Ah..., Old high school diplomas... Officer '' Officer : ,, I see... Used to play football myself...Okay, move on''
"$48K in the bank...." .....and a $4.5 BILLION DOLLAR INCREASE in market-cap in the last two weeks. See how that works? (I don't either... but it does.) Making Space Great Again.
If there was better upside, I'd be buying $10 put options right now. Margins are very tight on space travel and unless we're in an era where we're building spaceships that hold thousands of people and can travel across the galaxy, or they're going to be mining asteroids soon, I think it's way way too early to invest in space travel. Investing in space companies now would be like investing in Technology stocks in the 1930s. But then again...people are nuts and might take SPCE to a $100B valuation before they head for the exits and take it back to $1b.