Virgin Galactic, SPCE ticker, jumps more than 30 % today and reaches circa 2.77 billion USD valuation currently.
I think Virgin Galactic could be worth 1 trillion USD one day. There was an article on Bloomberg.com some time ago the title of which read: "If you want to be a trillionaire, try space mining".
Space has unimaginable riches in the form of gold, silver, diamonds, platinum, palladium, cooper, iron ore and many other commodities which could be mined both on planets and on asteroids.
The main reason some experts are forecasting Elon Musk will be the first USD trillionaire is his equity stake in SpaceX.
Virgin Galactic is grossly undervalued even after today's jump. Virgin Galactic technological lead in building rockets and space explorations ensures Virgin Galactic will remain at the forefront of space exploration for years to come. Virgin Galactic's technology edge is totally underpriced by public markets, as far as I am concerned.
If management executes Virgin Galactic's strategy correctly Virgin Galactic could turn into one of the world's most valuable corporations with trillions of USD market capitalization.
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