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I had shorted CFV yesterday only to find out they moved merger meeting to January 24, 2022. What are other short plays in the coming future? I am also in NGCA and will be entering MJMC/ACEV.
$ARQQ been making some serious moves this week
$NGCA Space economist questions research used by Virgin Orbit for valuation (Twitter thread)
$NGCA Virgin Orbit LauncherOne, Above the Clouds launch scheduled for 12/2
$NGCA Virgin Orbit and NextGen Announce Director Nominees to Virgin Orbit Board of Directors
$NGCA - Virgin Orbit bullish on national security launch
$NGCA Responsive Satellite Servicing and Sustainable Space Launches Get a Boost Through Astroscale, Virgin Orbit Partnership
NGCA - Responsive Satellite Servicing and Sustainable Space Launches Get a Boost Through Astroscale, Virgin Orbit Partnership
$NGCA - Virgin Orbit’s Launcher One Begins Pre-flight Prep Before Its End of Year Flight
Virgin Galactic - The Ultimate Growth Stock
Virgin Galactic - The Ultimate Growth Stock
NGCA (Virgin Orbit) had a rehearsal flight on NOV 2nd and next launch for the Space Force is soon
🚀 SpaceX Valuation Implications For Launch Sector $ASTR $NGCA $RKLB $SPCE 🚀
Mentions
I’m stuck in VORB with 10.40 avg (bought NGCA shares) and still waiting. Almost all shares are in Branson’s hands, so this stock is not affected by general market situation I think. And I just wait that Branson will start attracting institutional investors and that pump the stock. Or he sells his part and I lose money.
Here is the warrant agreement: https://docoh.com/filing/1843388/0001213900-21-013238/NGCA-S1/file/6
Highly recommend buying puts before mergers. I’ve made 20-30% gains on puts for ATHN, NGCA, MCMJ, and XPDI in the last few weeks, buying a couple weeks in advance and selling the day of merger or 1-2 days before. There’s little risk as the put often goes up in price even before the merger vote; I could have definitely made more but 30% is great for almost no risk. If you’re following SPACs anyway, this is a great source of side gains.
Ok i bought back into virgin orbit NGCA for the momentum play. Probably dumb but volume is good
What's NGCA's new ticker? I wish there was a way to track these easier.
Has this been posted here yet? [$NGCA](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843388/000121390021067800/ea153140-8k_nextgenacq2.htm) (Virgin Orbit) > In connection with the BCA Proposal, NextGen’s shareholders elected to redeem an aggregate of approximately 31,480,291 NextGen Class A ordinary shares. I believe that's an ~82% redemption rate (38,259,457 were possible for redemption). This puts them under minimum cash condition ($200M), so we'll have to see if VORB decides to waive it 😬
Been looking at it, considering. Way down on SPIR. RDW and ASTR near bottoms, NGCA de SPACing with 82% redemptions. Lots of action in the space arena but it's all down for now which ironically is often the best time to buy. So I too would be interested in seeing some of our technical experts here chime in. Thank you very much In advance.
Yo, NGCA is gonna be Virgin Orbit Branson P&D Get in early boy-o's
Where my NGCA holders at
NGCA 6.8M float , could be a nice play if it drops down to 7s , they moved launch to 1/12 , not sure if it gets cnbc attention all day like $SPCE did but one to watch
Agree completely, but cnbc can pump , like you said it is a rough market for space companies in general and the lockup on NGCA isn’t good either so it probably will dump but wanted to throw it out there
Watch NGCA , vote tomorrow, and they have a launch on 12/30, cnbc loves Branson and if they do ticker change on launch day, probably gets a nice cnbc pump
NGCA is voting on a merger into VORB (Virgin Orbit) on the 28th with IPO on the 29th. Virgin orbit has acquired stakes in 3 companies this week and closed on 2 contracts in the last month. They have a launch scheduled for the 30th. IPO price is $10 per share. Today NGCA dropped to 9.03 before recovering to 9.60. It's a guaranteed $10 on merger and analysts are expecting upwards of 15. Boeing (primary partner in ULA, what would be VORBs second heaviest competition behind SpaceX) is a major investor in the merger. Board of directors is looming spectacular with a healthy mix of former military space professionals and business managers. For some reason, they have been out of the limelight for the last few months. Should explode when the public sees the IPO Position 10k USD in NGCA
[https://www.businesswire.com/news/home/20211223005403/en/Virgin-Group-Announces-With-Support-of-NextGen%E2%80%99s-Sponsor-the-Intent-to-Purchase-up-to-100-Million-of-Virgin-Orbit-Common-Stock-in-Additional-PIPE-Investment](https://www.businesswire.com/news/home/20211223005403/en/Virgin-Group-Announces-With-Support-of-NextGen%E2%80%99s-Sponsor-the-Intent-to-Purchase-up-to-100-Million-of-Virgin-Orbit-Common-Stock-in-Additional-PIPE-Investment) NGCA
NGCA heavily discounted right now
Is NGCA floor gone today? Just looks like it.
I think NGCA has about a week left until floor is gone. Considering it was well over NAV a short few weeks ago, I'm going to try swinging this and seeing if there's a little risk-free gain to be had. I tried a couple weeks ago the same thing with ISOS, because I thought I was seeing a volume uptick, but it didn't pan out. I wasn't brave enough to hold through today, and considering I have Fidelity I probably wouldn't have been able to take advantage of the short 20% pop anyways.
ASTR, RKLB, and NGCA seem to be scandal free. Rocket labs had some disgruntled employees that bitched about having to work but nothing material.
Virgin Orbit/NGCA - will this pump or dump on merge? Option chain looks like a wasteland. Also, good on the people trying to sell $7.50p for $10, you cheeky fools.
Great reply, thanks. I actually agree with you 100%, and it's funny as I was just skimming through Pierre's thread on Twitter (from an Eric Berger retweet) before reading your comment. Totally know what you mean by Pierre's tendency to be a drama queen and overly critical of the sector but it's hard to disagree with his analysis there. Will definitely need to take a more serious look at NGCA's deck later as I haven't yet gone through it with a fine-toothed nitpicky comb. If we're being honest though most forward looking TAMs for emerging growth industries in SPAC decks have some degree of BS to them. I think I just instinctively give VO the benefit of the doubt because they actually have a history of execution (albeit a short one) and AFAIK don't make eye-poppingly outlandish claims like "daily launch cadence by 2025"
Virgin Orbit purposely lined up a launch on $NGCA merger day. I haven’t been keeping track with other space stocks and how launches affect price. Is it better to get out before merger to avoid dump?
NGCA (Virgin Orbit) finally has options if anyone cares
Spce tanked really hard. I've given up on NGCA
BZFD, BTTX, KVSA, NGCA all get options tomorrow. BZFD was a 1.6m float after redemptions, making it barely 400k shares higher than IRNT was, though the stock price is less than half as much as IRNT was pre-squeeze. I know there were rumors of redemptions being reversed on BZFD but can't find anything official to support this. I've went ahead and e-mailed IR and am waiting on a response but does anyone know if this would be disclosed somewhere?
Geez, been holding a ton of NGCA on margin since September too. Virgin Companies seem to like treating their investor like bugs..
Bought 700 NGCA at 10 hoping to sell sometime this month whenever the launch is confirmed. Sold covered calls for next week on the little DCRC I have left.
Actually, holding everything in NGCA. Board is announced and merger vote with virgin orbit should be announced soon. Price will spike, then spike again when the merger happens. Put 10k in, hoping to double my money
ISOS too short. Maybe NGCA/virgin orbit, which should have protection a couple weeks. (Vote 12/28)
Are you buying them because you think space exploration is cool? Or because you think it’s a good business? If it’s because space is cool, I’d recommend any number of other space-related companies. Ones that actually go to space, instead of just taking celebrities on really high airplane rides. If you really want to stick with Branson, I’d even recommend NGCA (Virgin Orbit) over V.Galactic. IMO V.Galactic is the dumbest, biggest waste of resources, vanity project I’ve ever witnessed. I would only buy for very short periods if I felt confident about timing a spike (which I won’t).
RKLB, ASTR, and NGCA (SPAC for virgin orbit) all good holds but I think RKLB will have the quickest upside in the next 6-12 months
NGCA, Virgin Orbit merger vote on Dec 28
How did you miss GGPI? It was $10 forever. Buy PPGH it's 9.95 NGCA is just over $10
SPCE is the tourist launch company Virgin Galactic. NGCA is currently the SPAC for the commercial launch company Virgin Orbit.
If today didn't trigger my NGCA $10 order, I may just have to settle with some change
$NGCA (merging with Virgin Orbit) - literally a rocket play
The play I’m making is basically that on a few DA SPACs; MCMJ, NGCA, FTCV, FPAC, GGPI etc etc . I think the retail investor market for these reasonably big companies will only be realised when votes and mergers are confirmed and mainstream media can pump it
Thoughts on NGCA here? As of today it is (finally) marginable on RH, so opportunity cost is now way lower. At $10.4, the risk/reward looks attractive to me for a small-medium sized position.
Benchmark initiates coverage on NextGen Acquisition Corp II (NASDAQ: NGCA) with a Buy rating and a price target of $16.00.
Cash park Spacs: DGNS, CBAH, NGCA, DCRN High potential play: SABSW
NGCA launched on what looks like a big market buy. And slowly coming back to earth.
> It is the only reason I buy Spacs. The risk/reward is phenomenal. I will post my next ones near NAV separately. Same here, my average for both NGCA and GGPI is around 9.80, I use DA Spacs as "saving" account in case I need quick access to cash. No bank in the world offers such high returns :) . Half of the profit it goes into my "safe" retirement investment account and the rest I use it to satisfy my gambling addiction (warrants). There are some amazing deals here, just have to filter the noise.
Had a nibble at NGCA at 10.29. Warrants on the move this week. Investor presentation today. Any possibility of a mini run?
NGCA virgin orbit, CBAH (merging soon), lots of others. SBEA, BENE.... DGNS merging
Lmao those are literally the same ones I've been snapping up. I added NGCA too
Thanks for asking. I am looking at post DA, pre merger for the downside protection. Right now I’m undecided still but already have decent positions in DMYQ, DCRC, and FTCV. Really like Circle ( have small amount of warrants ) and SEAH. Closer to NAV, maybe DCRN, CBAH or NGCA. Also eyed BRPM for the hype alone but might be dead for now
NGCA has had a couple of catalysts. Next launch in dec should hype it up.
I'm giving actual advice so if mods delete this for being "off-topic", you suck: ​ I'm 21 and made 20k on cr\*pto this month, so I'm in a similar position as you. Here's some good (not all stock related) things to consider: 1. Buy property. If you can put a down payment on relatively cheap rental property, you'll be able to cover the continued cost of the mortgage payment through rentals, and accrue net wealth that you can use as collateral for future loans. This is a textbook Robert Kiyosaki move. 2. Start a business. Seed money can be used for starting a small business. This doesn't actually have to be anything important. For example, a steak & shake franchise requires a 10k investment right now, would provide good income. You can also do things like starting an amazon or ebay store selling things you buy at thrift stores such as textbooks. You could use the money to employ a 'professional' shopper and have a mostly hands-off income source that will also accrue inherent value which can be used as collateral later. 3. Invest in ETFs & Mutual funds. I don't think I have to explain this 4. Roth IRA. Plan for retirement and make massive gains almost tax-free by throwing a huge sum in now. Inflation should aid to the growth of your retirement account 5. I know we're not supposed to talk about cr\*pto, but it is worth mentioning that Kevin O'Leary has 10% of his wealth staked in US Dollar Coin at a 14% return. Relatively stable growth with relatively low risk. I'll be doing a fair bit of this since inflation rate is said to be 6.5% but is probably closer to 10%. Remember, not making money is losing money. 6. Trade normally. This is what I'm doing. I have money in Astra before their launch, and then will be putting money into NGCA (SPAC for VORB) after ASTR's launch, and before the merger. Higher risk, but I'm already at 10% return and we're still a few days from the launch. 7. pay for certifications/ go to school. Sometimes its worth it to invest in yourself. Do I think this is a good idea? Absolutely not, you don't need a finance degree, WSB can teach you everything you need to know about losing your money.
What post DA, pre-merger tickers are finally just breaking above $10 ready to moon this week? I'm liking SPAQ, PACX. DCRN and NGCA are already a little too far above nav. Give me your runners still at NAV?
Yeah, I may look into that more along with MOTV and NGCA.
I can’t now. I did a cash out refi and put it in GGPI below 10 for safety. Need the funds in 1 year for a down payment so still cannot take risk. I put the money in NGCA hoping for a price increase when voting date announced and PSTH hoping for a SPARC decision soon.
NGCA might just might be done with the arbs. At 10.09 now. Virgin orbit.
I would to hear your opinions on NGCA which is merging with Virgin Orbit.
Agreed. Also spreading some “cash” to DCRN, NGCA, and DMYQ.
Of course this happens two days after i sell 75% of my NGCA
NGCA New Agreement Between Virgin Orbit and ANA HOLDINGS Sets the Stage for Twenty LauncherOne Flights From Japan https://www.businesswire.com/news/home/20211104006281/en/
NGCA, CBAH, BRPM Looking for above 11 exits in the coming weeks
SPCE time ended. Now it's VORB (NGCA) turn.
NGCA is on track to merge with Virgin Orbit by end of year. It has been steadily trickling up the past week to 10.10 currently. What’s really curious is the warrants popping 30% today out of nowhere. FYI
NGCA slowly creeping above $10. No risk play here
NGCA seems like a low risk play today and slowly creeping up above $10
Anyone with thought on NGCA? I hpld at NAV simply for hype factor. High profile target that has potential in a meme mania. Is it just too far away from closing?
NGCA up a bit today. Haven't seen it at $10.07 since July.
Amazon’s broadband satellite venture Kuiper teams up with Verizon to expand 5G coverage ( https://www.theverge.com/2021/10/26/22745637/amazon-kuiper-satellite-constellation-verizon-partnership-5g-cellular-backhaul ) Possible catalyst for Virgin Orbit (NGCA)
I'm sitting on 100 shares of NGCA and I hope you guys do me like this
any others that might catch up with a move like this? CND? NGCA?
What's up with NGCA? Is Virgin Orbit about to do the thing
Sounds like rotation to NGCA
Personally, I favour RKLB and RDW with the reasoning in my [recent post](https://www.reddit.com/r/RKLB/comments/q8n163/rklb_life_stage_relative_to_other_public_space/). They are just so much further along in terms of business development and actual revenues. The rest is pie in the sky at this stage IMHO. Although I haven't looked into IRDM, CFV, VLD, or NGCA in any great detail.
NGCA you can make 1-1.5% on arbitrage, and may (not likely imo) get a run, GGPI probably has a decent chance of having a run at some point between now and merger and is almost back to 10.
I played both of these on day of IPO. You could have picked up MTALU at like 9.82 or something and TRTLU at 9.87 (with the warrants!). If you are going to play the savings account replacement strategy, I believe it’s better to get in at IPO to juice the returns with the warrant, particularly now that so many IPOs break price. Note that the units can become relatively illiquid between IPO and split. I also think it’s better to buy 9.60s SPACs of serial sponsors four to six months in rather than recently split commons, which was easy to do in May-Sep. I loaded NGCA in 9.60s for example. A little harder now but still plenty in the 70s. It’s a good strategy relative to the risk, but have to take into account your personal opportunity cost, need for liquidity, and inflation.
I sold because I need to free up capital for a home purchase. Although this reminds me of NGCA.
Its already hurt them by promising the small sat market dedicated ride share missions and availability on any starlink launch, Starship coming to fruition is a whole different level of fucked for the small launch industry. I like to think about the space industry as having two different mind sets, it use to be Old Space vs New Space but that battle is over, Old Space lost when HLS was handed to SpaceX, that basically assured Starship will be made. The new mindset to look for is are companies planning for a pre or post Starship reality, the new reality is 220,000lbs to LEO for ~$10M in the next 5-7 years (musk says $2M but it will take alot of optimizations to get there maybe 2M after 2030). For reference the only competitive small launchers currently doing business are $RKLB $7.5M for 660lbs to LEO and Virgin Orbit $NGCA $12M for 1,100lbs to LEO. There will be room for a couple small launchers to survive with the militaries help but as of right now there over 150 companies/groups with plans of creating small launchers. If they don’t at least have plans for reusability and a larger more cost efficient rocket at this point there won’t be enough small sat launch market left to keep them afloat. Extra points if they are diversifying into other areas of the space sector, in fact expect a lot of acquisitions of smaller space companies by these companies that just deSPAC’d, they are going to have capital but their main products have little growth prospect. The post starship world everyone should be prepared for; - Fully reusable rocket - At least 220,000lbs to LEO - ~$10M per launch (maybe less) - The same rocket can launch multiple times per day - SpaceX is building a factory to build a Starship per week - They will probably build another factory in Florida to double production This is why $RDW is a good buy, this is why the small launcher market is a scary place to be. This is also why I think the space sector is going to be the new explosive growth sector in the stock market within the next 10 years. If any of what I said makes sense, come join us at r/OffWorldInvestors
Just buy NGCA and pray the spce apes do you justice
Yep, very similar response to NGCA. When that got pointed out as a comparison people would say,”No way! Completely different.” So far looking pretty similar except NGCA warrants dropped on DA.
Never really started, super odd for the warrants to have been priced higher than this when it was still a rumor with a higher valuation though... I think I remember the same thing with NGCA but it seems so risky to be buying warrants on a rumor compared to once its mostly a sure thing
In Feb you would have made a few mill..let's see how it reacts as no spacs have popped and NGCA was going to but didn't move
10k ASTS 5K ASTSW 5K RKLB 5K NGCA 3K NGCAW 10K MRNA 12K MSFT 10K AMZN 20K BRK.B 10K V 10 LMT Sorry, BRK is the most boring I can go, so no ETFs. But that's just for my taste. Also was trying to stay within US, there's some good business sold for good valuations in China. But let's leave that for another 100k.
I'm in ggpi. This isn't a sure thing. Am not expecting a big pop even if there is a da at good valuation, but I am hoping for a warrants bump. This is extra risky because at the first sniff if something amiss or no deal for example warrants are going into the gutter never to recover. NGCA is a terrible company at a terrible valuation - which has its own setup potential for plays but nothing you can do for months most likely. With that said all of these are safe buys under 10 until merger - where NAV goes away. But sunk cost fallacy is a thing, and playing redemptions for pennies (albeit possibly guaranteed risk free pennies) is a whole different ball game. As long as you understand the risk/rewards for these things there's potential but the days if January and February where anything SPAC related took off at the slightest of mentions are over. In general if there isn't a pop on DA (usually warrants only) there isn't going to be a pop except maybe right around merger if you're lucky. Sincerely, one of the few people who made a lot of money on SPACs earlier this year and didn't lose it all when SPACs died after March. Hop into r/SPACs if you wanna get a feel of the mood for SPACs in general and those two in particular.
Why does stock price matter on NGCA? I think marketcap should be the ideal metric.
NGCA, ISOS, IVAN, MUDS, LATN all good candidates.
Didn’t you go heavy into NGCA? That’s not much better than trash
Anyone else bag holding NGCA commons? I thought I could at least break even on pre-da rumor price now here we are.
Why does everyone compare this to NGCA
It went up to $13 and warrants went to $4 on rumor. People are bored waiting as well/there is uncertainty on valuation and whether it’ll actually get done in the current atmosphere. I’m still worried though as well that it’ll get no pop now (like NGCA) especially if overall market is turning down a bit.
NGCA was like 2 months or something I believe.
I don't think it will. NGCA was really suppressed (9.60 range) so a lot of float was held by arb funds, GGPI has never gotten that low. NGCA found resistance around 9.85 and has been creeping up since it ate through the arbs, GGPI is already well above that.
I don’t think it’s dead I’m more worried that it has an NGCA reaction.
People thought the NGCA/Virgin Orbit deal was dead too.
NGCA is merging with Virgin Orbit in case you want a real ride to space.