Tuesday, July 20, 2021

Space: The Next Frontier -- Bezos Vs Branson -- July 20, 2021

SPCE dropped another 7% in early trading today: dropped $2.09; dropped 6.2%; trading at $30.38. The chart below, SPCE was trading at $33.

For the archives: July 20, 2021.

From July 14, 2021:


From ZeroHedge:

But, on the other hand, billionaire Richard Branson says he and Virgin Galactic are opening space for *everyone*: 
“Imagine a world where people of all ages, all backgrounds, from anywhere, of any gender, or any ethnicity have equal access to space. And they will in turn, I think inspire us back here on Earth." 
All ages, all backgrounds, from anywhere, of any gender, or any ethnicity who happen to have $250,000 to waste on a day-trip that is.

Anyone who caught the video of Virgin Galactic know that the five-minute ride near the "edge of space" is a complete waste of money. And a complete waste of time. 

A limosine takes you out to the "plane." You walk on in street clothes. You take off, fly to altitude, launch from altitude, mach 2 to near 50,000 feet, experience weightlessness and then return to the airport.

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