Virgin Galactic’s stock has more than tripled in the past three months, up 298% at the end of trading Wednesday.
Fidelity told CNBC that Virgin Galactic was bought more than any other stock on Tuesday — topping Apple, Tesla and others.
Virgin Galactic and Tesla have similarities that help explain why both are such popular speculative plays for investors.
Musk, who owns about 19% of the company’s stock, or 34.1 million shares, saw the value of his holdings jump by $4.5 billion as the company’s shares climbed more than 17% between Monday’s close and midmorning trading Tuesday. Musk has added more than $17 billion to his net worth just this year — more than any other billionaire in the world. To put that into perspective, he has made $500 million a day — or $20 million an hour — since Jan. 1.
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NASA is asking Congress for a $25.2 billion budget next year, a 12% increase from last year, and that will likely be a boon for companies across the space industry.
“It will take a broad coalition to get back to the moon, and NASA is motivated to make it happen,” Rob Meyerson, an industry consultant and former president of Blue Origin, told CNBC.
Companies that will likely benefit from NASA’s budget include Boeing, Lockheed Martin, Aerojet Rocketdyne, SpaceX, Blue Origin, Northrop Grumman, Sierra Nevada Corp. and more.
Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1.5 on Thursday after its solid earnings, according to data firm S3 Analytics.
Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.
Since the stock’s June low, Tesla shorts have covered 19.11 million shares, worth $11.1 billion, and are down $12.43 billion in mark-to-market losses.
In October, Xi gave a speech saying China needs to “seize the opportunities” presented by blockchain, in what appeared to be one of the first instances of a major world leader backing the tech.
Over 500 blockchain projects have been registered with the government.
Experts say China could define the technology if it’s able to take a lead — which could be “dangerous.”
“A viable space tourism business is what you pay for today … but a chance to disrupt the multi-trillion-dollar airline [total addressable market] is what is really likely to drive the upside,” Morgan Stanley analyst Adam Jonas wrote in a note to investors.
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