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.
“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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