Found this company last week and opened a position at 12.60
These guys are basically trying to make broadband internet more accessible to cell phones worldwide by beaming it down thru satellites. Interesting product with very high reward if successful. That being said we are still in the pre revenue stage here so this play comes with the obvious added volatility/risk.
After a few volume spikes in June, this ticker seems to be picking up some steam. With all the recent/future events surrounding SpaceX, Virgin Galactic, Blue Origin, ARKX, etc., space plays could see a good few years for forward thinking investors. The industry is still a baby.
Hoping it can follow this trading channel for a bit:
Risk: -15.25%
TP1: +27%
TP2: +98.4%
These guys are basically trying to make broadband internet more accessible to cell phones worldwide by beaming it down thru satellites. Interesting product with very high reward if successful. That being said we are still in the pre revenue stage here so this play comes with the obvious added volatility/risk.
After a few volume spikes in June, this ticker seems to be picking up some steam. With all the recent/future events surrounding SpaceX, Virgin Galactic, Blue Origin, ARKX, etc., space plays could see a good few years for forward thinking investors. The industry is still a baby.
Hoping it can follow this trading channel for a bit:
Risk: -15.25%
TP1: +27%
TP2: +98.4%