Summary: Virgin Galactic is a commercial spaceflight company and an ideal investment candidate for those who believe in the profitable future of space tourism. This article will guide you through each step of how to buy Virgin Galactic stock using a reliable and regulated brokerage like eToro.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
About Virgin Galactic
Headquartered in California and operating from New Mexico, the company achieved its maiden spaceflight in 2018, and the first time more than three passengers flew on a suborbital spaceflight on July 11, 2021, using the USAF/NASA definition of space starting above 50 miles from Earth.
In February 2022, Virgin Galactic announced it opened ticket sales to the public. As of December 2023, the company has successfully conducted five spaceflights with customers onboard, with the current price for a 90-minute trip and a five-minute experience of weightlessness costing $450,000.
Related stocks
How to buy Virgin Galactic stock: step-by-step
Virgin Galactic had its initial public offering on October 28, 2019. Since then, all investors can freely buy the company’s stock.
You can buy shares in Virgin Galactic in a simple five-step process:
Step 1: Choose a broker
Prior to buying the SPCE stock, you have to access the stock market. The most straightforward way to speculate on stock prices is to obtain the services of an online stock brokerage.
To securely buy Virgin Galactic stock (SPCE), we recommend the following:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Investing platforms have different strong and weak sides, usually relating to various investing styles. However, some aspects remain constant no matter your choice, so pay attention to the following:
- Range of offerings: Your investing platform should list shares in Virgin Galactic, but you should also validate the presence of other financial assets such as different commodities, various stocks, forex, and derivative assets like options, CFDs, and futures. These will be useful when you pursue diversifying your portfolio;
- Cost: Today’s investing platform industry standards boast accounts with no minimum and 0% commission fees for stocks and ETFs. Do not stoop to anything less;
- Regulation and security: Your investing platform must comply with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations. Check for two-factor authentication (2FA) policy and other advanced security measures;
- Fractional stock trading: Platforms that feature fractional stock trading allow you to buy stocks by the dollar amount, which benefits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.
Step 2: Open and fund your account
After selecting a brokerage, create an account and go through verification. The instructions on how to do this should come into your email inbox within a minute.
Once your account is verified, you must transfer some funds to your account. You can buy Virgin Galactic stock with the usually available payment options, including a bank transfer, debit or credit card, and an intermediary transaction service such as PayPal (PYPL).
Step 3: Decide how much you want to invest in Virgin Galactic stock
Coming up with the proper sum to invest in Virgin Galactic is paramount. Pay attention to your budget, as going beyond can cause dire problems in case of failure.
To minimize the results of the worst-case scenario, ensure you confirm the following:
- You have paid off all high-interest debt, such as credit card and personal loans;
- You have created an emergency fund covering at least three months of daily costs.
Coming up with the sum you want to invest is also determined by your investing approach, risk tolerance, and projected investing goals.
Remember
Step 4: Place your order and buy Virgin Galactic stock
You must place a trade order to purchase SPCE shares. Perform the following steps:
- Step 1: Log into your account and find the company’s ticker stock symbol SPCE;
- Step 2: Type in the dollar amount or the number of Virgin Galactic shares you want to buy;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Execute the trade order.
Step 5: Monitor and manage your investment
Regularly monitoring and managing your investment is a fundamental part of the investing process, which does not end when you receive the stock. Carefully maintaining the accuracy of your research boosts the chances of a successful investment with higher potential returns.
Keep informed about the trends in the commercial spaceflight industry. The general financial performance of Virgin Galactic, the company’s media coverage, and the potential advances in spaceflight technology also influence the price of SPCE stock, so pay attention to them as well.
Virgin Galactic stock price today
Pros and cons of buying Virgin Galactic stock (SPCE)
Pros
- High returns potential: Virgin Galactic will likely become the leading player if the commercial spaceflight project and space tourism industry take off;
- Diverse market: Spaceflight companies are enormous and have a global scope of operation. The range of sectors includes companies from technology and software to engineering and construction businesses;
- Opportunity to explore space: Virgin Galactic offers everyone with the money to afford a trip to witness space without being a professional astronaut. The allure of this prospect has already drawn hundreds of people onto the waiting list.
Cons
- Still unprofitable: Even with the increase in the price of tickets from $250,000 to $450,000, the company is still unlikely to break even for years to come, which has dissuaded profit-oriented investors and caused a plunge in stock price;
- High risk: There is a non-negligible chance that commercial spaceflight still is not scalable enough to be a viable business endeavor;
- Competition: The competition is tough, with big players like SpaceX and Blue Origin aiming at the same market as Virgin Galactic. A continued decline could lead to competitors replacing Virgin Galactic in its leading position.
Common mistakes to avoid when buying Virgin Galactic stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the stock in detail, along with the global spaceflight market and space tourism industry, before investing anything;
- Lack of strategy: Define your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Virgin Galactic stock
How do I buy Virgin Galactic stock?
Investors can freely buy SPCE stock through a regulated online investing platform like eToro.
Should I invest in Virgin Galactic stock?
The answer largely depends on your preferences and faith in the financial feasibility of space tourism and commercial spaceflight. Do your research and weigh the risks with potential benefits.
Is Virgin Galactic operating commercial space flights?
Yes, as of September 2023, the company has successfully launched four flights with multiple passengers.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
