Now’s the Time to Pick Up the “Tesla of Space”

Bryan Bottarelli|March 2, 2020

Editor’s Note: If you’re a Manward Letter subscriber, you know how excited Andy is about what’s shaping up to be America’s “Space Race 2.0.” But this time it’s innovative U.S. companies battling it out for domination over the skies above, from satellites to space tourism. And that’s why we’re happy to bring back our good friend Bryan Bottarelli from Monument Traders Alliance. He’s got his eye on a company that’s being called the “Tesla of space” and dominating the space tourism industry. Check out why he thinks it’s an ideal play below.

---

Looking for some relief from all the market turmoil?

If so, let’s take a look at a company that Investor’s Business Daily (IBD) calls the “Tesla of space.”

IBD is talking about Virgin Galactic (NYSE: SPCE), the company that aims to commercialize space travel by developing spacecraft for both private individuals and researchers.

Virgin Galactic operates as a holding company – engaging in “the business of owning and operating privately built spaceships.”

In other words, the company designs manned, passenger-carrying spaceships that can fly you to space, safely – without the need for expertise or exhaustive training.

Now, let me be perfectly clear…

Does Virgin Galactic have any noteworthy earnings?

No.

Does it have any revenues?

Hardly.

Its current price-to-earnings ratio is an eye-popping 161.58.

However, from its latest earnings release on November 15 to mid-February, Virgin Galactic stock more than doubled.

Just look at the stock chart…

As you may have guessed, its founder is Sir Richard Charles Nicholas Branson… and clearly Wall Street doesn’t seem to care much about valuation these days.

Instead, Wall Street wants growth, uniqueness and vision.

And guess what? Virgin Galactic has all of these qualities.

On February 6, Barron’s reported, “2019 was a record year for ‘blank check’ companies.” Blank check companies are special purpose acquisition companies (SPACs) that have the sole purpose of raising money from public and private investors in order to identify an acquisition target and buy it – typically within two years.

Last year, 1 in 4 new initial public offerings (IPOs) were SPACs – collectively raising $13.6 billion. No wonder Barron’s said this structure is “booming on Wall Street.”

So do yourself a favor and set aside some purely speculative money to establish a new stock position in Virgin Galactic right now.

The market’s upheaval has brought the stock back to Earth… which means now is a great time to buy the dip.

If you’re up for speculating, then the company that IBD calls the “Tesla of space” should be the newest addition to your portfolio.

Note: Bryan’s created quite the following in his one-of-a-kind trading platform called The War Room. And TOMORROW, he’s going to reveal the three simple trading secrets that made him a multimillionaire. Right now his readers are using these secrets to cash out for $3,000, $6,000 and even $38,000 the moment they wake up. One guy just made $90,000!

Starting tomorrow morning, you could make up to $8,300… before lunch. Click here to get on his list for the exclusive story airing tomorrow!