"When a company comes along that has a unique narrative and is trying to do something that is differentiated, high margin and could theoretically grow for 10 years ... these things get re-priced in ways that are non-traditional," Palihapitiya said.
Virgin Galactic as a business is "making amazing progress," he said, although the company's timeline for beginning commercial operations appears to have been pushed back. The company told investors ahead of its October stock debut that commercial flights would begin in the first or second quarter of this year, setting a target for 16 flights in 2020.
"If those 8,000 people — just those 8,000 people — it doesn't seem like a lot but, when you think that the price could be around $300,000, that's $2.4 billion of pipeline," Palihapitiya said., including a larger-than-anticipated loss for the fourth quarter.Those who pay the fully-refundable deposit will be the first offered reservations when Virgin Galactic re-opens ticket sales later this year.
Lmao- maybe just maybe
“Possible” future revenue from “potential” customers. This guy is a gem
One crash and it all goes away 🤷🏼♂️
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