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Today's big stories

Virgin Galactic’s shares jumped after the company completed a successful space test flight
Stock picking is important, sure, but you have a much more important decision to make when it comes to your investments – Read Now
Chinese authorities are stepping up the fight against soaring commodity prices

Stars And Hypes

What’s Going On Here?

Virgin Galactic’s successful test spaceflight at the weekend was one small step toward its real ambitions, but it led to one giant leap for the space tourism company’s shares on Monday (tweet this).

What Does This Mean?

After back-to-back delays, investors were starting to have their doubts it’d ever happen. But this long-awaited trip into space – and the company’s first rocket launch in two years – has well and truly put Virgin Galactic back on its flight path toward space tourism.

All the company needs to do now is complete two more test flights and get a license from the US Federal Aviation Administration, both of which it thinks it can do by next year. If it does, it’ll be all set to start offering flights to paying customers. And with that prospect on the horizon, investors initially sent its stock – *resists urge to make “to the moon” joke* – up 20%.

Why Should I Care?

For markets: Expensive thing, space travel.
Still, the jump in Virgin Galactic’s share price doesn’t make up for the two-thirds of value it’s lost since its peak in February. Some investors might argue the stock’s just a bit too dicey right now: it’ll be years before the company starts to make meaningful profits, despite already having earned $85 million in deposits from tickets starting at $200,000.

For you personally: Space ETFs are stretching the definition.
The promise of a sci-fi future has got investors giddy with long-abandoned schoolkid fantasies, so it’s a good thing there are now several space-focused exchange-traded funds (ETFs) out there. Then again, there aren’t exactly many firms in the sector to invest in, with other high-profile names – like Jeff Bezos’s Blue Origin and Elon Musk’s SpaceX – still in private hands. So it’s worth being aware that the ETFs have a much broader – and pretty tenuous – scope, tracking everything from robotics to satellite communications firms.

You might also like: Is this new space ETF an unidentified fantastic object?

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2. Analyst Take

The Single-Most Important Choice You’ll Make As An Investor

What’s Going On Here?

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Read or listen to the Insight here

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