The birds and the stars

Virgin Galactic, with a market cap less than most major altcoins, is a current bet.

Earlier this year, while battling the worst respiratory illness of my life, I began reading up on Biotech and did quite well in basically assuming there was greater than perceived market demand for non-mRNA seasonal vaccines targeting some of these newer diseases.

Part luck for sure, but also perhaps a tell that my level of general knowledge and tastes make me properly equipped for the aircraft carrier runway that is modern finance. It takes nerves of steel, and no one lasts forever. Also, no one gets it right always.

Recent Virgin treks to space have proven successful

Virgin Galactic was the talk of the town a few years ago - I think at the height of the pandemic, space was the ultimate diversion and escape for many people.

They ended their current spacecraft line with a successful flight earlier this year (screenshot above featuring those passengers) and have passengers lined up for their next generation Delta spaceships, which can relaunch more often and carry more passengers than the retiring generation of Virgin Galactic craft. Among those passengers lined up for 2026, an all female research crew is already attracting media attention.

As with Bitcoin years ago, the obvious nature of spaceflight advancement eludes most people at the moment, and they can’t see the deep moat or moats that will form around the human organizations which perfect mass commercial spaceflight. First suborbital and working orbital, then perhaps interplanetary one day in the distant future.

I need to do a lot more research before I consider increasing my Virgin Galactic investment, yet I think there’s a magnitude of misperception today about the eventual size — and demand — for short notice seats into space. Just as the untrained public once treated $200 bitcoins as radioactive… when they were anything but, here I see people dismissing the next major intangible/service industry, perhaps out of intellectual laziness, or lack of perception: we don’t always immediately see the gradient of progress as it occurs, partially due to culture all around us trying to convince us things are mostly the same as in 2012 or 2014.

Nothing is the same as then.