SPCE - My advice:)
Been watching this one for a while now and yeah the last week has been a rollercoaster. Went from $3 to nearly $8 then back to the $4s. Stings if you chased the top but honestly? I see this pullback as an opportunity.
Here's my thinking. They actually got VSS Unity flying glide tests again at Spaceport America. That's not a press release, that's a plane in the air. The Delta ship is physically in the hangar being prepped for Q3 test flights with commercial service still targeted for Q4 this year. That's months away, not years.
Jefferies just reiterated a Buy a few days ago. They cut operating costs 26% and beat Q1 EPS estimates. They've got roughly $220M cash on hand. Not great when you're burning $50M+ a quarter but enough to get to the finish line if nothing goes sideways.
The ticket backlog is real too - hundreds of reservations at $450K-$750K a seat. The second a Delta flight actually happens the story completely changes from "are they ever going to fly" to "they're flying."
Float is tiny. Short interest is still high. You do the math on what happens when good news drops.
I'm not pretending this is without risk. It trades like a meme stock half the time and the losses are ugly. But I've been around long enough to know sometimes you just have to hold through the noise if you believe the underlying thing is real. Space tourism is real. The Delta program is moving. I'm staying in.
Not financial advice, do your own research etc.:)