As you can see in my chart SPCE did close at the support line Friday, it may try to break resistance $17.50. I'm not so sure how The test of Virgin Orbit will impact SPCE since they both are owned by Sir Richard. They failed to reach orbit yet they were able to achieved something, according to Virgin Orbit "we are excited from the data we received today, they called it mission accomplished," at the end investor do as they please, two different entities . any feedback is greatly appreciate.
Please trade at your your own risk. this is not a financial advice.
VG and VO are 100% cash independent entities as you said (Until Sir Branson is "creditworthy" oc)! So if we are looking at SPCE, it has a new contract with NASA and their last launch achieved well! Therefore, SPCE has a lot of prerequisites to start rising again!
ltstan992
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@RomainGrx, Are you talking about the NASA SPACE ACT Agreement was back in may 5th?
@RomainGrx, I‘ve listened to they earning report, there weren’t any sort of income involve which may have disappointed investors and cause the stock price to drop. However, this company have a bright future. With the new branch Of military Space Force and many other opportunities I’m pretty sure they will have some solide contract coming their way soon.