I've seen a lot of posts about SPCE (Virgin Galactic) which may be conflated with SpaceX (SPCX) when IPOed. Some are buying because they think they are getting SpaceX cheap. Others are buying because they believe SPCE will be lifted by SpaceX IPO.
Oh well, I recall people bought ZOOM which was some penny stock, when they wanted Zoom Communications (ZM) during Covid.
I will watch but not participate. It will be interesting to see if SPCE rockets up due to mistaken identity and high short interest (~32%). Or if Richard Branson will dilute Virgin Galactic by issuing more shares. LOL.
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial, stock picking nor investment advice. Please consult a professional advisor.
Copyright © 2026 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
No comments:
Post a Comment