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Virgin Galactic shares rocket past Tesla
Virgin Galactic begins trading on NYSE as first space tourism stock
Virgin Galactic founder Sir Richard Branson, Social Capital CEO Chamath Palihapitiya and Virgin Galactic CEO George Whitesides discuss the future of Virgin Galactic and space tourism technology, doing business with Saudi Arabia and Brexit.
Sir Richard Branson's Virgin Galactic is one of the hottest stocks in the market this year, along with Elon Musk's Tesla.
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Shares of the Las Cruces, New Mexico-based space-tourism venture have surged over 80 percent during their eight-day winning streak and are up over 162 percent this year, outpacing even Tesla's 105 percent gain.
Branson, via Vieco USA, is the largest shareholder in the space company, as Musk is for the electric vehicle company. Musk also oversees SpaceX, while Amazon CEO Jeff Bezos has Blue Origin, both space companies are privately held.
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“Virgin Galactic is a prime example of a short squeeze candidate,” wrote Ihor Duswaniwsky, managing director predictive analytics at the financial-analytics firm S3 Partners, in a note published Tuesday.