Virgin Galactic Had Another Delay, But Don’t Write it Off


If you have patience, Virgin Galactic (SPCE) could be an interesting opportunity.

At the moment, it’s oversold at its 50-day moving average, with over-extensions on RSI, MACD, and Williams’ %R. All after it delayed its test flight – again – until May 2021.

While it’s disappointing, it’s safety first.

After all, if they launch with issues, and there’s a horrific problem, it becomes a PR nightmare.

So, they need to get this right. “President Mike Moses said electromagnetic interference problems caused a computer problem in December, when the rocket’s engine failed to ignite during a test flight. Virgin Galactic replaced flight-system computers but then uncovered additional EMI issues as it prepared for a Feb. 13 flight. Those problems will take until May to correct,” as noted by Bloomberg.


Sure, the news is a letdown. But it’s a temporary letdown. Testing is still on the books. The company is still looking to launch at some point, and create a potentially lucrative market. But again, they have to get it right. Investors may want to take advantage of the temporary dip.

Another great way to invest in space is with Rocket Lab.

Rocket Lab, expected to go public through a SPAC merger could see big interest.

“Rocket Lab is the leader in the small launch marketplace, with its Electron rocket carrying nearly 100 small satellites to orbit over the past couple of years. The company has also built a spacecraft manufacturing business, to give customers a versatile platform that pairs with its rockets,” says CNBC.

The company is also expected to build a rocket called Neutron, which could be capable of launching astronauts to the International Space Station. The company expects to launch Neutron by 2024 and make sure it’s “certifiable for human spaceflight.”