Past performance does not predict future results. Informational only, not investment advice.
Author is doubling down on Virgin Galactic calls after a significant drawdown, betting on a reversal to the upside.
Virgin Galactic will rally into the SpaceX IPO as space sector momentum accelerates. Institutional warrant hedging activity (31.7M shares in-the-money, exercisable June 18 2026) creates near-term short pressure, but this is temporary covering ahead of a broader sector rally that the author expects.
Author believes pre-IPO shares in SpaceX will surge dramatically at IPO launch on June 12th due to inflow of capital from the anticipated $1.5T valuation. With simplistic math, a 1% capital redirect would push SPCE shares to ~$150 per share.
Author is going long on SPCE IPO expecting gains, despite personal dislike of Musk. Positions 2 years of net salary into the bet betting on SPCEx to moon.
A WSB trader has made an extreme commitment to Virgin Galactic by selling land to fund a large position, implying strong bullish conviction in the stock despite its volatility.
Author is holding a SPCE position underwater and plans to exit at $32 breakeven on Monday. The post implies the author expects the stock to reach that level so they can escape the position, suggesting bearish conviction or at least a lack of bullish conviction.
Author is bullish on SPCE and expects significant upside ("to the moon"), framing it as a speculative bet with other retail traders.
An institutional hedge fund (RichRich Capital LLC) has accumulated 4.87M shares equivalent through direct shares and call options, signaling confidence in upside momentum. This early-stage institutional accumulation could trigger a gamma or short squeeze similar to 2021, with potential for more funds to follow.
Virgin Galactic holds a unique market position as the only company offering commercial suborbital spaceflights, with 650+ paying customers backlogged and a next-generation Delta-class space plane launching in Q4 2026. The company's proven XPRIZE-winning technology and exclusive market position in space tourism position it for upside as investor interest in space sector increases.
Virgin Galactic will benefit from hype surrounding the anticipated SpaceX IPO and momentum in space stocks. The author plans to exit before or shortly after the SpaceX IPO, capitalizing on near-term upside driven by recent ticket sales resumption and insider buying.
End of results.