Virgin Galactic Taking Off on Commercial Hopes

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Keep an eye on Virgin Galactic (SPCE).

After gaining $9.50 on Monday, the stock is up another 56.41 in pre-market.

The stock is still blasting off to higher highs on three key catalysts.

One, according to a tweet, “Preparation is underway for a rocket-powered test flight of SpaceShipTwo Unity from Spaceport America, New Mexico. The flight window will open on Feb 13th with opportunities to fly throughout the month.”

Two, analysts are still bullish.

“With flight schedule visibility improving, and with scarce public investment opportunities in Space, we see a healthy demand environment for shares during the catalyst period,” Credit Suisse analyst Robert Spingarn said, as quoted by CNBC.

Three, a new ETF will list SPCE, too.

The Ark Space Exploration ETF, which will trade under the ticker ARKX, will include companies “leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth,” according to a filing with the US SEC.

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