🌟🌟🌟With SpaceX
$SpaceX(SPCX)$ launching the largest IPO ever in history and
$Virgin Galactic(SPCE)$ coming off a volatile 160% short squeeze, these 2 companies are completely opposite space investments.
SpaceX's core business model is orbital launch infrastructure and global satellite broadband.
Virgin Galactic's core business model is suborbital space tourism joyrides for multi millionaires.
Latest annual revenue for SpaceX is a massive USD 18.67 billion vs Virgin Galactic's humble USD 200,000 for the quarter.
Starlink receives USD 4.42 billion in operating income. Virgin Galactic is actively burning through USD 93 million in cash every 3 months.
The Verdict: SpaceX is a much better buy than Virgin Galactic. Virgin Galactic maybe a speculative capital trap as it has just executed a debt for equity swap, issuing 6.7 million new shares to pay off USD 30.5 million in notes.
So it is better to buy SpaceX than Virgin Galactic.
@Tiger_comments @TigerStars @Tiger_SG
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