>> WELCOME BACK CENTER MEMBERS
EVERYONE
VIRGIN COLLAPSE.
>> JAKE IS MAKING HISTORY AS
THE FIRST EVER SPACE TOURISM
STOPPED TO COME
ANY BEGINNING TO TRADE TODAY ON
THE NEW YORK STOCK EXCHANGE,
THE OPENING PRICE OF ABOUT $12
APIECE JOHN ON OUR OWN
EDITOR-IN-CHIEF AT IPO EDGE
DOT COM, I'M A GREAT TO HAVE
YOU ON AS ALWAYS HAPPY MONDAY
ARE YOU BULLISH OR IS THIS THE
STOCK TO STAY AWAY FROM AT THIS
POINT.
>> I'M CARSON BALL. I THIS
IS NOT THIS IS NOT A STEADY
PLAY. I ISSUED A MODERATE RISK
HERE. BUT AS YOU CAN TELL IT
STRAIGHT OR WELL I JUST WANT TO
BACK UP OR SECOND WHERE IS THIS
COMPANY WENT PUBLIC
IS TOO A STACK OF BLANK CHECK
COMPANY SO YOU COULD HAVE
BOUGHT IT LAST WEEK OR ACTUALLY
MUCH BEFORE THAT
AND I'M SO IT WAS AROUND $10
FOR A WHILE SO IT'S IT'S
ALREADY UP YOU KNOW 2025% SINCE
ITS ITS TRADING
VERY WELL.
>> ONE OF THE KEY THINGS THAT
YOU LOOK AT WHEN CONSIDERING A
COMPANY LIKE VIRGIN GALACTIC.
>> WELL
PRATT HE HERE'S THE BREAKDOWN.
SO THESE GUYS HAVE ENORMOUS
NUMBER OF BOOKING SO THEY'RE
EXPECTING TO HAVE A TON OF
PROFITS NEXT FOR YEARS JUST
ISN'T AS BOOKINGS. SO PEOPLE
NEED TO KNOW IT HAPPENED AND
NOTHING
GOES WRONG. STOCKS ACTUALLY
RICCI I MEAN WE'RE TALKING
ABOUT YOU KNOW A MULTIPLE IT IS
TRYING TO BE 7 TIMES 2023 TO
DIE. I'M BUT THE
ISSUE IS THEY CAN'T MESS UP
THEY CANNOT HAVE ANY ACCIDENTS
IN NO ONE WOULD EVER GO ON WHAT
IS IT AGAIN IF SOMETHING IS
WRONG SO. YOU KNOW WE KNOW THAT
YOU KNOW REGULAR AIRPLANES HAVE
EVER WRIST, BUT YOU'RE NEVER
STATES IN THE SYSTEM IS VERY
VERY NEW. YOU KNOW THERE'S
THERE'S ALL KINDS OF
UNCERTAINTY THAT I DON'T KNOW
WHAT A COMPREHENSIVE SO IT'S
REALLY UP TO THEM TO HAVE AN
ACCURATE RECORD.
>> I WANT TO GO BACK TO THE WAY
THE COMPANY WENT PUBLIC BECAUSE
WE'VE SEEN DIRECTOR LETS THINGS
FLAGGED IT IS SPOTIFY DID IT
WITH GREAT.
REALLY BIG DEAL FOR
SOCIAL CAPITAL WHICH IS THIS
THE SPECIAL PURPOSE ACQUISITION
COMPANY THIS WAS THERE VERY
FIRST I P I MEAN I P O.
WHICH I FEEL LIKE KIND OF
VALIDATES THE STRATEGY RIGHT
WHICH IS THE WHOLE POINT THAT
THEY RAISE MONEY AND THIS CAP
IN IN THIS
SORT OF CAPITAL POOL AND THEN
THEY'RE ABLE TO THEN GO OUT AND
MAKE YOU KNOW A 49% LET'S
ACQUISITIONS TAKEN IN A COUPLE
OF URGENT AND THEN TO LIST
THOSE NEW SHARES AS AN
INDEPENDENT ENTITY, BUT THEN
THEY STILL REAP THE BENEFITS OF
WHATEVER HAPPENED TO BERG THAT
BECAUSE THEY GET HAVE ABOUT 49%
OF THE NEW COMPANY.
>> YEAH OH THAT'S RIGHT.
I MEAN IN FACT
A PATH TO GOING PUBLIC HAS
BECOME INCREASINGLY POPULAR
I'VE ACTUALLY GOT A LOT OF WORK
TALKING TO PEOPLE WHO INVOLVED
THE STACK WORLD
AND IT'S REALLY TAKEN OFF
RECENTLY, I MEAN THERE WAS A
TIME WHEN THESE WERE KING
CENTER YOU KNOW BASICALLY A BAD
WORD STAFF THEIR COUPLE,
ESPECIALLY THIS YEAR I POINT
OUT ONE SPA WORLD
AND REPAY THOSE ARE
UP 56% FROM A THE TIME OF THESE
DEALS CLOSE ON THIS YEAR.
SO WHAT YOU'RE SEEING IS VERY I
CALLED THE COMPANY IS GOING
TO STRATEGY
WHAT YOU WILL ALSO SEE WHICH I
THINK HAS BEEN SUPPORTIVE OF
THIS PATH IS PRIVATE EQUITY
FIRMS THAT OWN THESE COMPANIES
USING THIS AND KEEPING A BIG
CHUNK OF THESE STOCKS SO YOU'LL
SEE IS YOU KNOW WHITE SHOE
PRIVATE
EQUITY FIRM IS USING STACKS TO
SELL A LITTLE BIT BUT NOT
EVERYTHING AND THEN
STAYING THERE GAME AND THAT
SUCCESS I THINK WILL BUILD ON
ITSELF.
>> DOES THAT MAKE IT EASIER FOR
COMPANIES WITH LOWER PATH TO
PROFITABILITY TO GET INTO THE
PUBLIC EYE AND PERHAPS FORM A
LITTLE BIT BETTER AS WE'RE
SEEING WITH VIRGIN GALACTIC
HERE TO.
>> WE'LL ACTUALLY BRED KNOW
THIS IS REALLY UNUSUAL AND MOST
COMPANIES HAVE GONE PUBLIC
THROUGH THE STACK.
APPROACH HAVE BEEN MUCH MORE
MATURE THAN THIS SO THAT THIS
DOES VERY VERY DIFFERENT FROM
THE OTHER ABC THAT I'VE SEEN
LOOKED AT UM.
I MEAN BEING BEING
PREPARE OFF IT IS THESE GUYS
ARE IS NOT TYPICAL STACKS NO I
WOULD NOT SAY THIS WILL ALLOW
YOU GO PUBLIC AND IT IS NOT
BEEN
REPLACED YET. YOU KNOW THE IDEA
AFTER THESE COMPANIES WE TALKED
ABOUT MANY TIMES THAT ARE YOU
KNOW. I'M NOT MAKING MONEY AND
DON'T HAVE ANY IN THE FUTURE,
BUT I
WOULD SAY THAT THEY DO HAVE A
VERY CLEAR PATH TO
PROFITABILITY ALL THEY HAVE TO
DO IS YOU I'M VERY VERY SAY.
>> FOR SAFETY A BIG A
EXPLOSION AND THE 2 VICTIMS
THAT THAT THAT DIED THERE AND
HOPEFULLY
SOME INFORMATION ON AND HOW
THEY'LL YOU KNOW THEIR KIND OF
GOING FORWARD.
>> NOW THIS ISN'T THE YOU KNOW
THE FIRST BIG AGAIN IN SPACE
LATE IN THE MARKET WE'VE SEEN
THE FIRST
BIG RIGHT DURING PLAY EARLIER.
WE SAW THE YOU KNOW FIRST
WORKPLACE COMMUNICATIONS
SORT OF EARLIER THIS YEAR THIS
IS SORT OF AN
EXCITING TIME I FEEL LIKE FOR
INVESTORS WHO WANT TO GET INTO
THE CUTTING EDGE OF COMPANIES.
AND WOULD YOU CONSIDER THEN
THIS TO BE ONE IS WELL MARKET.
>> YEAH I MEAN LOOK I I JUST
HAVE TO.
>> AND HERE I LOVE THIS COMPANY
AND ITS
TRADE BARRIERS, DO THE WARRANTS
WHICH YOU CAN TALK ABOUT A
SECOND YOU WANT IT REALLY COMES
DOWN
TO THERE. ABILITY TO TO NOT
HAVE ANY ACCIDENTS IF THEY
DON'T I
MEAN IT IF YOU ARE THE FIRST
PLAYER IN COMMERCIAL SPACESHIP.
I WILL AND YOU'RE OUT THERE.
A COUPLE
YEARS EARLY, NO ONE IS GOING
YORK AND EVEN THAN EVER BECAUSE
WHY WOULD YOU WHY WOULD YOU FLY
WITH SOMEONE ELSE IS GOING TO
TRACK
RECORD CHEAPLY IF THEY CAN GET
OUT THERE DO THIS THERE IN THAT
THIS COULD BE ENORMOUS NOT TALK
TO GUYS AND THINK IS THIS THE
STOCK COULD BE WORTH 30 OR
40 BUCKS.
>> I JUST ALSO SOUNDS LIKE
THOUGH IT'S CONTINGENT ON THE
APPETITE FOR THE EXPERIENCE
ECONOMY STAYING AS STRONG AS IT
IS RIGHT NOW
AND SO FOR THE PRIMARY
PURCHASERS, THE 603 THAT
THEY'VE ALREADY GOT SIGNED UP
GREAT, BUT YOU NEED TO ADD ON
TO THAT NATURALLY OVER TIME AS
WELL TO HAVE A CONSISTENT
SOURCES STREAM OF REVENUE
CONSIDERING
AMOUNT OF EXPENSES THAT GO INTO
A BUSINESS LIKE THIS DO THINK
THAT THE EXPERIENCE ECONOMY IS
STRONG ENOUGH TO WITHSTAND KIND
OF THAT RAMP UP TIME.
>> I THINK IT IS AND THIS IS
A REASON.
>> ULTRA LUXURY EXPERIENCE
RIGHT, BUT I ALWAYS LOOK BACK
2009 AND
THERE WERE A COUPLE OF STOCKS
THAT DIDN'T GO DOWN THAT I
THINK IT WAS SOON AS WELL BE A
MAJOR MS. I MEAN THIS STUFF
IS RESILIENT. IF YOU'RE
WORTH 1020 MILLION YOU'RE NOT
REALLY THAT AFFECTED BY IT DOWN
TO.
>> YEAH EXACTLY IF YOU LOOK AT
THEIR IPO FOR I KEEP SAYING
THAT YOU KNOW IT'S IT'S NOT.
THE PAPERWORK. RIGHT OUR LEAD
TO PRESENTATION A TEAR ROLLS UP
WITH THE SEC, THEY LAID OUT
LIKE THE COMPARISON
IF YOU ARE ON A YACHT A LUXURY
YACHT FOR A WEAKER SPENDING A
QUARTER MILLION IF YOU'RE GOING
TO A PRIVATE EYE
AND THE FAMILY, IT'S A HALF A
MILLION LIKE WHAT'S 90 MINUTES,
YOU KNOW IN A IN A ROCKET SHIP
IN 5 MINUTES AND IN SPACE LIKE.
NOW IT'S THE SAME AUDIENCE YOU
CAN BUY THAT.
>> I CAN'T REALLY IDENTIFY THAT
WELL I WISH I COULD I WOULD I
WISH I WAS THAT IN THAT INCOME
BRACKET BUT I THINK THAT THERE
ARE BRAGGING RIGHTS AND.
>> STEVE HUGE, I MEAN IT'S
EXCITING TO IT
WITH WHAT IF YOU'VE GOT THIS
KIND OF MONEY TO PLAY WITH IT
YOU WANT TO HAVE
THE MOST WHEN YOU CAN AND YOU
WANT TO TELL PEOPLE YOU'RE
DOING THE MOST EXCITING THINGS
IN THE WORLD RIGHT SO THIS