Home » Business » Branson’s flight attracts investors. Space stocks will fly up, analysts say

Branson’s flight attracts investors. Space stocks will fly up, analysts say

Branson, who is the founder of the company Virgin Galactic, this weekend he successfully completed a flight aboard a spaceship, which he helped finance. It is this moment that has become a turning point, as it has attracted the attention of many investors who want to do business in the field of space tourism, says CNN.

Investors’ interest is also visible in the company’s shares, which rose by more than 7% before the start of Monday’s trading and have raised the company’s value to almost $ 12 billion since the beginning of the year, with shares rising by about 107%.

According to analysts, interest in space stocks is also growing among ordinary investors. According to Vanda Research, Branson’s Virgin Galactic is the fourth most frequently traded company among retail investors.

In addition, with the planned space journey of the richest man in the world Jeff Bezosewhich has under the company Blue Origin To take place on July 20, interest in the shares of space companies is expected to only grow.

In addition to the interest in the shares of space companies, their number is also growing, as is the amount of money flowing into the industry. According to PitchBook, there are currently at least eight space technology companies planning to go public.

Technology and space startups raised about $ 5.5 billion in venture capital last year, and PitchBook anticipates even more this year, and 2021 will be the most successful year in the sector to date.



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