by Fred Fuld III
Last month, I published an article called UFO Stocks. The report covered many of the companies that are involved in the satellite and space industry, such as Maxar Technologies (MAXR), Viasat (VSAT), and EchoStar (SATS). I also mentioned the Procure Space ETF (UFO) which is a diversified way to play the space industry.
However, there is a new way to invest in space travel. How would you like to invest in Richard Branson’s Virgin Galactic? This is the company that will allow anyone (even you) to flying space, assuming you are willing to pay the fee of $200,000 to $250,000. The company already has a waiting list of 600 people.
The way to invest in Virgin Galactic is through a company called Social Capital Hedosophia (IPOA), which trades on the New York Stock Exchange. Social Capital Hedosophia will be involved in a merger and end up owning 49% of Galactic.
It will be interesting to see if this stock gets as high as the aircraft that will be sent into space.
Disclosure: Author owns IPOA.
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