Virgin Galactic Holdings (NYSE: SPCE) is one of WallStreetBets’ favourite stocks, and it has been rising in value significantly in recent weeks.
Virgin Galactic may go to the moon in the future, but right now, its share price is already on the way there. The company’s stock price is up 100% in the last month, and things could just be getting started.
In this article, we list the best places to buy Virgin Galactic stock, explain why it is rising in value, and look at the investment potential of the company.
Where to buy Virgin Galactic stock online
If you want to invest in SPCE stock, you should sign up to an online stockbroker. These are easy-to-use, low fee platform that allows retail investors to create their very own investment portfolio. You can invest in shares like SPCE, commodities, cryptocurrencies and even forex.
Here are the two best places to buy SPCE shares:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
What is Virgin Galactic?
It is a spaceflight company under the wider Virgin umbrella. It aims to provide commercial space tourism flights to suborbital tourists. SPCE is the company’s ticker where it is listed on the New York Stock Exchange.
Virgin Galactic faces stiff competition from Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin, as commercial space flights become an increasingly competitive sector.
Why is SPCE stock on the rise?
Thanks to Reddit investors; specifically, the online community, WallStreetBets. The company has labelled Virgin Galactic a ‘meme stock,’ and has driven its price up based primarily on sentiment.
Should I buy SPCE stock?
If you buy into the concept of space tourism and you think Virgin Galactic can commercialise it successfully, or if you just want to be involved in a high-risk, high-reward sentiment play, Virgin Galactic could be the right stock for you.
SPCE price target
The top 12-month Virgin Galactic price prediction is $50, though it is worth noting the stock is already trading over $37 and shows no signs of slowing down.