Virgin Galactic Gets Back on Track to Commercialize Space Plane Flight and Visa’s Showing Strong Numbers
After an aborted test flight back in December of 2020, Virgin Galactic announced their next test flight window will open on Feb.13. This news sent the stock surging, as it demonstrated one more step towards their mission to commercialize flight with space planes.
A spaceplane is a vehicle that can fly/glide like an aircraft in Earth’s atmosphere and maneuver like a spacecraft in outer space. To do so, spaceplanes must incorporate features of both aircraft and spacecraft, occupying an intermediate space between the two. This technology is unique so if it works out Virgin Galactic would be making big moves.
The company will hold its next earnings call, tied to the release of its fourth-quarter and full-year financial results, Feb. 25.
Visa is a world-renowned name when it comes to credit and debit cards and all things payment which is why they are ranked as the world’s second-largest card payment organization after China’s UnionPay.
A distinction between Visa and its competitors such as AMEX or Mastercard is that Visa only partners with financial institutions that issue Visa-branded cards rather than make their own. After these partnerships are in place, they then collect payment processing fees whenever the cards are used.
With this unique business model as well as a service moving in the same direction as the future – away from cash, Visa has a lot of room to grow. This growth has already been seen with revenue increasing from $13.9 billion in 2015 to $21.8 billion in 2020.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.