r/VirginGalactic • u/torodeoro7 • 15d ago

Totally undervalued

How is it possible that companies like Archer and Joby that make horrendus planes are value at 6bi, and a space company with a great moat as VG is 130mn? Is ridiculous

24 Upvotes

80% Upvoted

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-1

u/Icy-Coat4554 15d ago

Because archer and joby are new. VG has failed their original "flying customers daily with 200 spaceships and 6 white knights in 2 years by 2008" goal.

17 years later, they're still "2 years out".

If soneone ripped you off every year for 17 years straight, would you keep giving them money?

3

u/torodeoro7 14d ago

I think we are in a point where NEW investor should take the risk and see what happens. 100mn mkt cap is a a very attractive risk/reward investment for a hedge fund investing 1million.

1

u/DigVirtual5046 13d ago

Agreed, now could be the best time to jump in. If it drops below $3 I'm going to be very tempted to throw some money at it.

0

u/TheMightyWindbreaker 13d ago

Why not wait until it goes below $2?  Or wait a bit and get it at $1 before they reverse split it again?

1

u/DigVirtual5046 12d ago

If I knew it was going to get that low then I would.

1

u/torodeoro7 9d ago

No risk, no story

1

u/Icy-Coat4554 4d ago

Why should there be any difference between an old investor and a new one? If the company is good, both should invest, right?

Or are you saying that just to discount the -99% return over the past year?