🚀 Branson 1, Bezos 0

Rich guys have a space fight | Britain's rich get richer and poor get poorer |

Hi Reader, here's what you need to know for July 13th in 3:00 minutes.

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Today's big stories

  1. Virgin Galactic completed a successful test flight over the weekend, with its billionaire founder on board
  2. The population is getting bigger, and there are a few companies that’ll be essential for keeping the world fed – Read Now
  3. UK households became $1.3 trillion richer during the pandemic

Space Invaders

Space Invaders

What’s Going On Here?

Virgin Galactic completed its next major test flight over the weekend, as the space tourism company doubles down on its battle for the stratosphere.

What Does This Mean?

The mission was the spacecraft’s twenty-second test flight, but its first with a full crew. It also marked the first time a company founder has traveled on their own ship, with Richard Branson beating Amazon’s Jeff Bezos – who has his own midlife crisis-fueled space venture – by eight days.

Both companies are trying to build businesses catering to fatcats who’ll pay top dollar for an unforgettable view of our planet. And those fatcats seem to be here for it: more than 600 of them have paid an average of $130,000 each for the chance to fly with Virgin Galactic, while another thousand have saved their spots with a $1,000 deposit (tweet this).

Why Should I Care?

For markets: Virgin Galactic flies too close to the sun.
Virgin Galactic’s shares – which doubled in the lead-up to the weekend’s test flight – were up by as much as 10% before the market opened on Monday. The company was quick to capitalize on the jump, announcing that it’d be selling $500 million worth of new shares to help fund its transition from test flights to full-blown commercial operations. But what goes up must come down, and with so many new shares on the market set to dilute the value of existing ones, investors sent its stock back down more than 10%.

Zooming in: Get ready for liftoff.
Virgin Galactic said on Monday that it was planning to eventually have around 400 flights a year carrying six passengers each, which could – according to investment research firm Alliance Bernstein – end up costing between $400,000 and $500,000 a ticket. That implies up to $1.2 billion of annual sales once the firm’s operations are fully up and running, which would be – sigh – out of this world.

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2. Analyst Take

How To Profit From A Booming (And Hungry) Population

What’s Going On Here?

The world’s population is only getting bigger, with forecasters predicting we’ll hit the 10 billion mark by 2050.

And according to the United Nations, that means we’re going to need 50% more food than we have right now – even as the availability of crop-bearing land is on the decline.

But there is a solution: “precision agriculture” technology, which covers everything from crop-monitoring drones to resource sensors.

Analysts at Morgan Stanley think there’s a huge amount of potential in this untapped market. It could, they say, rake in revenue of $17 billion in 2030 – up from $5 billion in 2019.

So that’s today’s Insight: how to profit from a booming population with rumbling stomachs.

Read or listen to the Insight here

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Stinking Rich

Stinking Rich

What’s Going On Here?

A report out on Monday showed Brits saved an extra $1.3 trillion during the pandemic, with the haves yet again out-having the have-nots.

What Does This Mean?

Household wealth – calculated by subtracting a household’s debts from its assets – has jumped by around 6% in the UK since before the pandemic, with the average family now $11,000 better off. Emphasis on the average family: the richest 10% have $70,000 more in their pockets, while the poorest 30% are up just $120.

There are a couple of reasons why that gap’s so big. For one thing, the increase was mostly thanks to a rise in the prices of stocks and real estate, which are owned in more significant quantities by wealthier people. And for another, the poorest – who work more in the lockdown-impaired services industry – were hit much harder by the effects of the pandemic.

Why Should I Care?

For markets: You can’t rely on the rich.
The Bank of England is expecting these savings to drive a surge in consumer spending, with British shoppers forecast to spend around 10% of the money they’ve been holding onto. But there could be trouble ahead: if the rich are the only ones with money to burn, the country’s economic recovery might not be as strong as the central bank’s anticipating – which would fit with last week’s disappointing data.

For you personally: Buy into the new normal.
With the last of the UK’s lockdown measures being lifted, workers are finally starting to head back to London: data out on Monday showed the first uptick in the city’s real estate rental prices since the pandemic began. But you don’t need to own an office block to benefit: you could just invest in real estate investment trusts, which give you exposure to multiple properties all in one tidy package.

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💬 Quote of the day

“It is not about achieving your dreams, but living your life. If you lead your life the right way, the karma will take care of itself. The dreams will come to you.”

– Randy Pausch (an American educator)
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🎯 On Our Radar

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  2. A soundtrack to a heatwave. What will this year’s song of the summer be?
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🌏 Finimize Live

🌍 The world’s your oyster

It’s true that opportunities to explore the world have been pretty thin on the ground this year. But you’re an investor, which means the likes of Brazil, Turkey, India are all well within reach. All you need to do is head down to our Why It Might Be A Good Time To Buy Emerging Market Stocks event.

💰 How To Make Crypto Work For You: 6pm UK time, July 14th
🤔 What Does Inflation Mean For Your Portfolio: 2pm UK time, July 15th
🍷 How To Invest In Wine: 6pm UK time, July 19th
🌍 Why It Might Be A Good Time To Buy Emerging Market Stocks: 5pm UK time, July 20th
💥 How To Profit From The Commodities Boom: 1pm UK time, July 21st
👟 How To Invest In Sneakers And Streetwear: 1pm UK time, July 22nd
🌿 How To Invest In The Future Of Cannabis: 6pm UK time, July 23rd\
📈 How To Protect Yourself From Rising Prices: 6pm UK time, July 26th
👑 How To Invest Like The Ultra-Wealthy: 5pm UK time, July 28th
🌎 How To Profit From Emerging Markets: 6pm UK time, July 28th
🏙 Investing In A Sustainable Metropolis: 11am UK time, July 29th
♻️ How To Turn Your Portfolio Green : 6pm UK time, July 29th
💰 How To Make Money From Money: 3pm UK time, August 4th
🤔 Are You An Investor Or A Trader?: 12pm UK time, August 25th

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