Keep a close eye on Virgin Galactic (SPCE).
The stock is just beginning to take off ahead of its October 22 test flight on Space Ship Two.
“The first flight will have two pilots on board and will contain NASA payloads. A second powered test flight will follow with a crew of two test pilots in the cockpit and four mission specialists in the cabin. The primary objective of the second powered flight will be to evaluate the full customer cabin and hardware, as well as procedures and training details,” says Investors’ Business Daily.
In addition, there are a good number of bullish analysts that see big things ahead for the SPCE stock. For example, Susquehanna analysts told their clients to buy the stock with a price target of $20. Bank of America told clients to buy, too with a target price of $35 a share. Bank of America also sees the industry achieving a valuation of $1.4 trillion over the next decade. And reportedly, people are lining up for space tourism.
If all goes well with the test this month, the SPCE stock could really blast off.