SPCE

isospeedrix

Is this the new SPCE

Time_Exercise_1458

Don't worry. Comments like that are the reason I am invested in RKLB. 3 years ago people used RKLB in the same sentence with VORB and SPCE. People are highly regarded.

Realistic0ptimist

I’m selling everything probably and reinvesting into something else. Very few things will run 100% in a short time frame and then still have super high upsides. Yes there are stories like NVDA but there are also stories like SPCE that IPO at like $10 and then reach over $25 and now are worth less than $5. Taking gains resurveying the market for the next best investment is sometimes the best strategy versus buying and holding for an indefinite amount of time

Me-Myself-I787

Big companies always make these sorts of deals to reduce risk. Why haven't these larger companies bought ASTS outright? It's like Altria's investment into Cronos Group: a hedge against declining tobacco sales, not a real commitment to the marijuana industry. ASTS is to Starlink what SPCE is to Tesla.

Starkfault

That’s why I invest in SPCE

Ball_Thrower

Call on Intel. Anything to do with Blackberry (except shorting). Shorting NVDA, AAPL, or SPY. Calls on NKE or CRWD. Calls on TSM (thanks 🍊). Buying any derivative of DJT. Shares and calls of SPCE (big loser). Any long pot stock play. Any long biotech play (even if you win at first, they go down over time). I have enjoyed (pissed my pants and sweated crippling losses all night) every play listed.

kinglallak

I remember TONs of posts about BYND and SPCE. Seeing how low those two fell is mind blowing.

Financial-Egg-8538

This has been a bad week for me lol. I Also held ASTR which just went private and I do not know how to recoup my investment which I'm trying to learn more about. In addition to SPCE I also hold AEZN each down $500 or so. I had about a $1k or less in each and bought have I lost my lessen. Most of my SPCE stock was bought back at $8-10 but I looed at all the shares I bought after averaging down and made me laugh that I bought two shares at $50. I even bought at $25 a handful of times although the rest of my buys were at $12 and under. The rest of my portfolio is safe with GOLD shares and like REITS and Monthly DIVs but man I wish I could just get back that 2-3k to put into something safe.

TooterMcPooterr

SPCE is a piece of shit

Unfair-Control9377

SPCE.

patgamble

Why is SPCE no longer supported on RH?

FunBandicoot1421

The SEC will send him a check in the mail for whatever’s left after SPCE goes into delinquency and gets delisted. This position is worth more as a tax write off at this point.

birddoglion

57yo I'm new to stocks, so check this out: 30 shares SPCE (I'm fleeced and now just lol every time i look. I can't bring myself to sell it because I like them.) 6 spy 9k bonds 5% (becoming fulfilled in a few days). I'm thinking of more spy, and have no idea of my next power move. I was happy to get my 5% on bonds though. any ideas?

ThomasFitzroy

For my space investors and eVTOL speculators: it is looking like there's already some good pre-market volume for $LUNR, $RKLB, $RDW and $SPCE for the former and $JOBY, $ACHR and $LILM for the latter. These are riskier plays given they are emerging growth companies with new tech but all have been very volatile this month with some solid price action on days when there's pre-market volume.

BlendingInandOut

**Space** - RocketLab (RKLB) **EV Batteries** - QuantuamScape (QS) **3D Printing** - Desktop Metal (DM) **Space Tourism** - Virgin Galactic (SPCE)

CalligrapherDizzy

FYI- just bought 10 shares of SPCE at 7.55

Technical_Money7465

SPCE

zxc123zxc123

Imagine being a bear and not even shorting things that are literally bad like commercial RE, consumer discretionary, streamers, or all the 9999999 shit SPACs like SPCE. Nononono! Bears gotta short shit like NVDA/TSLA, QQQ/SPY, or leverage up with options on a 2X ETF shorting a sector where the companies do the closest thing to LITERALLY PRINT MONEY besides the Fed.

bluen

SPCE will go bankrupt

gymbeaux4

You don't think so? Small-cap/"pre-revenue" stocks like SPCE and GME are jumping. That screams "low interest rate environment incoming" expectations.

tco724

SPCE trust me !!! Let’s moon!!

NFLisriggged

Holy shit. Did SPCE do a stock split? Or are they really down 93% since 2021?

munkeymoney

Gamble plays: MAXN, BIG, VVPW, SPCE, PEV

AlertZookeepergame58

One guess… SPCE ?

dzibilchaltun

SPCE cadet

ernieip1

SPCE

SafeOffice

SPCE

ernieip1

SPCE

Any_Influence_8305

Fuck mag 7 let's inverse and come up with the regarded 7. SPCE ARKK BBBY MCD WEN RDDT and a certain electric car maker you can't mention here

1foxyboi

SPCE? Lol no. RKLB though...

bmoremateo

HI all, Hoping for some advice here. I cashed out my FundRise account as it wasn't performing (at all anymore) and I want to put that money into another investment. Do I: -Start a 401 Roth? I don't have a work investment fund like this. -Invest it into stocks I've been following, including but not limited to: NVDA, SPCE. MKC, LUV, DNUT (Some would give me more shares and all would be for a longer term holding position and bought at a low-ish point after monitoring for a few weeks. -Other? Thanks!

Stocksruler

SPCE

Any_Influence_8305

I'm high af and just full ported into TLRY and SPCE I'm gonna be rich cya fuckn nerds

Financial-Land85

You should buy $SPCE or $GWAV they seem to be at the bottom and ready to spike 🚀🚀🚀

dvdmovie1

I don't think it's 2020/21 - in that period, something had even the slightest association with a growth theme, it basically went up every day, including the most ridiculous businesses (see Arcimoto, whose conference call included a banjo performance on the CEO's porch) and/or most specuative (SPCE, which as far as I'm concerned - and as far as Richard Branson, who dumped his shares on retail fairly early on - was never going to be a business that could sustain itself.) This is a smaller group of stocks that just keeps moving higher and they are in many cases benefitting from AI/AI spending. Unlike the speculative names of 2020/21 (didn't RIVN get to a $100B valuation before selling a car?), AI spending is absolutely happening and giant tech companies are spending because they need to figure out things that can move the needle which gets increasingly difficult when you are Microsoft or Meta. Eventually though, shareholders will start to demand some sort of payoff for tens of billions of spending. When that is I can guess but very well may be totally wrong. If you've owned these stocks though for any real length of time, it's a lot easier to sit through volatility if your cost basis is substantially lower. It's the people who are late to the party who are often the first ones to leave. Are there things that are overextended and where if demand starts to slow over the next 12 months could eventually be problematic? Yeah. Do I think this is 2020/21? No, not that bad and some of the worst of 2020/21 (see much of ARKK) hasn't really participated.

CouchPatrol7

SPCE might be the worst stock of all time

VastFreedom7

NIO, Nikola, SPCE, docusign bunch of hype stocks that went poo poo later.

Historical-Witness62

SPCE needs to be watched , way over sold and shorts are having a hard time finding shares

Any_Influence_8305

Eating little Caesars under the freeway bridge because I lost everything to SPCE and TLRY

Aboynamedgeri

SPCE?

dingdong6699

Thoughts on SPCE? It spiked in '21 after a successful test launch and has had several after and as far as I know plans to have retail launches going in 2026. It's only gone down. It's a money sink until it's not, if it does any kind of expected revenue, the market cap is currently nothing. Backed by a billionaire. Idk why it's value has gone so low and it's been eating at me to buy but it just keeps going lower.

belizeandiplomat

SPCE

streppio

And nobody say SPCE now..

Blonde-feet2001

SPCE, I think the they will continue to lose tons of money before their able to start bringing in any revenue. FIFE, I think they’re going to go bankrupt because they constantly burn money and have to rs and dilute. NKLA I also believe is headed towards bankruptcy because of the same thing, they barely make any money and burn money constantly.

ImpossibleJoke7456

I’ve forgone +40% gains in the past for -90% losses currently. SPCE and LCID are my reminders to not chase trends.

PapaCharlie9

First, that they have options at all. Many don't. IBIT for example still doesn't. Second, that the liquidity of the ATM monthly call is decent. I like to see less than 10% of the bid in the ATM call's bid/ask spread. So $1.00/$1.09 would be okay, but $1.00/$1.15 would not be. Third, that I have some kind of fact-based forecast on the stock or on its volatility going forward. This is the hardest part. It's easy to kid yourself and just pick a stock on feelings or because everyone else is on the bandwagon. Apart from that, I'm not particular. I do have a watchlist of about 50 different tickers, selected for various volatility-based criteria, but that list changes as circumstance changes. For example, I used to follow PTON and SPCE every day when they were meme stocks, but both have fallen on hard times, so less interesting to me now and off the list.

dvdmovie1

It's more meme coin than stock. From April, discussion of SPAC earnout: "The boost to Trump's wealth comes thanks to his newly public company, Trump Media & Technology Group, whose main asset is the social media platform Truth Social. The company awarded Trump an additional 36 million shares as an "earnout" bonus for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according to a Tuesday regulatory filing. With the stock bonus, Trump now controls 114.75 million shares of Trump Media, which trades under the ticker DJT — the same as his initials. Based on today's closing price for the company, that values his entire stake at $5.7 billion." (https://www.cbsnews.com/news/donald-trump-djt-stock-earnout-bonus-truth-social/) In terms of selling: I have no idea what the lock-up period is for this but at some point he will be able to sell. If it's 180 days that puts it in September. "And specifically if Trump were it sell all his TS stock, where would the money come from?" Selling it into the market, like Chamath and Richard Branson did when they sold SPCE at $30 pre-reverse split. He's unlikely to sell it all at once - probably a big sell followed by a series of smaller ones?

dvdmovie1

It's fine if you have a small portion of your portfolio for gambling (more speculative/early stage names and other gambles) but it should be a small portion - 10, maybe 20% tops? If you only have a small portion dedicated to gambling, there's a higher bar for gambles chosen. The rest of your portfolio doesn't have to be ultra boring, but it should be made up of excellent, well-managed companies where you have a strong thesis and they have a strong track record. Don't try and swing for the fences with every pitch - you're going to strike out sooner or later. IMO, investing is about consistently getting on base and over time, that sets you up if something does seem like a potential home run pitch (which are a lot more rare that I think people think.) Too many people get into a 2020/21 situation where every "disruptive growth" story goes up, even low quality ones. Tons of low quality stuff IPOs because there's a demand and people get things like SPCE dumped on them and the people who are the ones to bring it to market walk away early on. Because all of this stuff keeps heading higher, people turn it into their entire portfolio. Then, things turn and 3 years later your portfolio and performance look like ARKK.

RedElmo65

Calls on SPCE

Blint_exe

Wtf is goin on with SPCE?

thegreatgumbini

SPCE lol

LostAbbott

Dude, the same dipshits posters were pushing FSR and SPCE six to eight months ago.  They are prime pump and dump candidates and reddits has loads of uneducated bag holders for these stocks.  I don't know if these guys are bots, or just carrying heavy bags, but this is a dog shit investment at the moment.  Maybe they actually get things going, but do not put money there right now.

dvdmovie1

"but also on space tourism, mining, and even colonization" People talked about all three as big positives for SPCE in 2020/21, too. Space for communications fine, but mining isn't a great business on earth and tourism/colonization isn't happening for decades. If you're investing in space mining, tourism and colonization for a current company, the trajectory will probably look like SPCE - This sort of thing is why ARKK has done how it's done. "He argued that Ark prioritizes chasing “future ideas” without proper evaluation of traction, valuation, and management credibility." https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38915172/investment-advisor-says-throwing-random-darts-at-tickers-would-beat-arkk-as-cathie- Anything promoting itself as part of space mining/colonization/tourism will probably not be around by the time that happens - these aren't going to be businesses that can sustain themselves until then and that looks like SPCE (which just reverse split and is still probably a 0.) The people behind the SPCE spac dumped when the stock was massively higher and yet people were still trying to hype the thing all the way down. "It's Richard Branson, he's a billionaire!" Yes, he's a billionaire in part because of things like knowing to dump a space company that wasn't built to last on people eager to throw money at any growth story. "The young people love the space stocks, they'll buy it." And they did.

Any_Influence_8305

I put all my money in SPCE, surely it's going to go up over 1000 a share again

Chubby_WNY_Slut

Uhmmmm. Wtf happened to SPCE? it was around $1 for 3 months. shot to $10 recently. Now it's showing it was at $20 most of the past months? This isn't the first stock I've noticed with altered charts on robinhood

bluen

Bruhs don't buy SPCE

Starkfault

Yeah they shouldn’t have IPO’d as a SPAC Compare their 5y to VLD, SPCE, BKSY to see how well they’ve held up I’m hoping for a run similar to ASTS in the coming months

AnitaBeezzz

Just sold after accepting there is no profit coming for a VERY long time. After a few long years and losing 90%, I got out of SPCE.

Real_shumagorath

SPCE good AI play because we all headed to the moon with our gains

AdamantlyAtom

SPCE $9 Put 6/21

Arcite1

Then you used the wrong terminology, but it's still incorrect. It's not possible to predict the premium of an option based solely on the price of the underlying, because of the other factors that influence the premium of an option: time, implied volatility, and the risk-free interest rate. It's possible for SPCE to go down but the value of your put to go down. It's possible for SPCE to go up but the value of your put to go up. It's possible for SPCE to go up or down, but the value of your put stay the same. It's possible for SPCE to stay the same, but the value of your put go up or down. It's simply impossible to say "as long as SPCE is below $X per share, my puts will be profitable." For any number you can pick for X, SPCE could be below X but your puts could not be profitable, or SPCE could be above X yet your puts could be profitable.

Arcite1

I'm not sure you even know the definition of ITM vs. OTM. It seems like you think ITM means "my position is currently profitable." ITM means having intrinsic value. For a standard option (meaning one that's for 100 shares) this means the spot price of the underlying is currently above (if we're talking about calls) or below (if we're talking about puts) the strike price of the option. How much premium you paid/received is not a factor in moneyness. So forget about SPCE and adjusted options for a minute. Let's say stock XYZ is at $9.99 per share, and you bought a 10 strike put. That 10 strike put is ITM. If you paid 0.01 for it, it's ITM. If you paid a billion dollars for it, it's ITM. 9.99 < 10, therefore it's ITM. If you paid 0.01 for it, then the stock goes up to 10.01, but your put goes up to 0.05, the put is OTM, but you are in profit. Profit =/= ITM. We've been over many times the fact that the ATM point for SPCE for these 0.5 strike adjusted options is 10. It's always 10. If SPCE is 10.01 or greater, your adjusted 0.5 strike puts are OTM. If SPCE is 9.99 or less, they are ITM. That's always true. It doesn't matter how much or how little you paid for them, whether it was one dollar or a billion dollars. *If SPCE is at 9.99 or less, an adjusted 0.5 strike put is ITM, period, end of story.*

Arcite1

SPCE1 are the adjusted options that existed prior to the reverse split and adjustment. SPCE are newly listed, standard options on SPCE that were listed for the first time after the reverse split.

AltruisticSpot5448

Why are their both SPCE and SPCE1 options now

AltruisticSpot5448

There are SPCE $10 call options at a strike price of $10. What is the difference between SPCE1 at $.05 and SPCE at $10?

Arcite1

If SPCE is at 3, a 0.5 strike adjusted put is ITM, but it doesn't need to go as low as 3. Read the other comment again. An SPCE price of 10 is when the 0.5 strike put is ATM. If SPCE is at 9.99 or below, the put is ITM.

Arcite1

Per the [discussion in my other comment](https://www.reddit.com/r/options/comments/1dhm549/comment/l97ru4k/?utm_source=reddit&utm_medium=web2x&context=3), an adjusted 4 strike call is way, way OTM. SPCE closed at 10.13. Therefore SPCE 1 = 0.05 x 10.13 = 0.5065. If an underlying is at 0.5065, the strike price of a 4-strike call is far above that. It is OTM.

Arcite1

Whether you profit depends on what you paid to buy the put, which you haven't said. But you can determine when it is ITM vs. OTM. It goes back to the formula in the memo, which I posted several comments upthread: SPCE1 = 0.05 (SPCE) What this means is that we're going to pretend this is no longer an option on SPCE. It's now an option on SPCE1. We're going to pretend there's this imaginary stock called SPCE1, and exercising this put will allow you to sell 100 shares of SPCE1 at 0.50 per share. (Note that these are exactly the same terms as before the adjustment: it allowed you to sell 100 shares of SPCE at 0.50 per share.) Now, you can't actually do this, since SPCE1 doesn't exist. You can't trade shares of it. But we can tell whether the put is ITM, by whether SPCE1 is higher or lower than 0.50. Just like a standard put, if SPCE1 is below 0.50, the 0.5 strike put is ITM, and if SPCE1 is above 0.50, the put is OTM. But how can we tell what the price of SPCE1 is, since it doesn't exist? We use the formula. The formula tells us if we multiply the current price of SPCE by 0.05, that is the current price of SPCE1. So if SPCE is at 9, SPCE1 = 0.05 x 9 = 0.45. 0.45 < 0.50, so if SPCE is at 9, the adjusted 0.5 strike put is ITM. If you want to answer the question "at what point is the put exactly ATM, meaning, what is the price X such that if SPCE is above X, the put is OTM, and if SPCE is below X, the put is ITM?" you can rearrange the formula to solve for SPCE1, and plug in your strike price for the value of SPCE: SPCE = (SPCE1 / 0.05) SPCE = (0.5 / 0.05) = 10 So when SPCE is below 10, your put is ITM, and when SPCE is above 10, your put is OTM.

Peaceful-coex

That WANTS TO have the ability. Not “has”. For me, it’s another $SPCE. Good luck

Revolutionary-Net-93

Buying up SPCE

Prior_Industry

SPCE reverse split. Blimey.

Arcite1

Your original contract was to sell 100 shares at 0.50 per share. SPCE closed yesterday before the split at 0.6849. Therefore 100 shares were worth $68.49. If you had exercised, you would have received $50 cash, and given up $68.49 of value. Then overnight, the 1-for-20 reverse split took place. A share price of 0.6849 became 13.698. The option deliverable was adjusted to 5 shares, while the strike and multiplier remained the same. So now, if you exercise, you receive $50 cash, just like before. But you give up 5 shares, not 100. 5 shares were then worth 13.698 x 5 = $68.49. So you are giving up $68.49 of value for $50 cash. It's the same deal.

Code2008

SPCE, please... go back up.

Arcite1

The moneyness won't change--because the true definition of "in the money" is "having intrinsic value." Again, this is all in the memo. SPCE1 = 0.05 (SPCE). 1 strike calls will be OTM because (assuming no change in stock price) SPCE's price of 0.6849 will become 13.698, and 0.05 x 13.698 = 0.6849. SPCE1 will be 0.6849, so a 1 strike call will be OTM. If the strike were to multiply by 20 while the deliverable changed to 5 shares, a 1 strike call would become a contract allowing you to buy 5 shares (a value of 5 x 13.698 = $68.49) for $2000, putting it much, much farther OTM than it is now.

Terrible_Champion298

It would appear that the right to convert to .05 of a new share would be 1:20 therefore making a statement that only the deliverable changes minimally incomplete. As for the strike, I’m ok with seeing how the chain handles that in the morning. But I’ve no reason to believe that all former SPCE 1 calls will be ITM and 1 puts will be OTM because the stock price changed and the strikes did not. https://www.fidelity.com/learning-center/investment-products/options/contract-adjustments#:~:text=Reverse%20stock%20split&text=the%20underlying%20security.-,The%20holder%20of%20an%20option%20contract%20will%20have%20the%20same,on%20the%20reverse%20split%20value. “A reverse split results in the reduction of outstanding shares and an increase in the price of the underlying security. The holder of an option contract will have the same number of contracts with an increase in strike price based on the reverse split value.”

herefromyoutube

I’ll tell you my worst 10 year investment. Worst investment is SPCE because I thought they’d be a space cargo company but they’re only a space tourism company which is stupid. They can goto space and they’re just like only people. Just leave money on the table you stupid fucking virgins!

Terrible_Champion298

Your number of contracts will remain the same, your strike will multiply by 20x, and the options will only represent 5 shares each, something I’ve recently learned means Non Standard. I believe the split was supposed to happen on June 14th. A reverse split does not exude confidence in a stock, and Friday’s drop likely reflects this with SPCE. But it also occasionally stirs interest and usable volatility. Either way, your LEAPS will remain intact, business as usual.

dip-the-buy

For a moment I thought SPCE stopped dropping and went to the moon.

Haunting-Ad-60

Already in so averaging down buying at .67 now. SPCE

Haunting-Ad-60

Buying more SPCE at .67 to average lower, why not?

Selecketdd

Gonna buy some GRND and SPCE calls :)

tellit11

Nah.. our beloved.. SPCE

Haunting-Ad-60

Bought SPCE prior to split @ .73 it worked for GOEV

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Bronto_Chad

Some companies do stock splits and some companies like SPCE do reverse stock splits

Starkfault

I invest in SPCE because I wholeheartedly support launching you virgins off planet

mpoall

I’ll sell a small part of my AAPL shares to take some profit and will use that to buy some SPCE and BB shares.

Hopeful-Fan6603

SPCE to moon

virtual_billionaire

SPCE going cheap, might be worth a cheeky punt

FeminineBoost

Holding $SPCE forever! 

frogger1988

is no one going to tell me why SPCE of all turds was trending earlier

stopiturmakingsense

Buying a shit ton of SPCE

chenlukai

Well, if you are looking for lottery plays, small caps pharma stocks have a lot of choices for you. Generally the Phase 3 results of a clinical trial will decide which way the stock goes. Although there's still a lot of stuff that has to fall in place after phase 3, so might want to let go immediately after phase 3. There's also SPCE, which is literally betting on a moonshot, looked into it but decided I didn't like the chances of that one. The one in my portfolio that's closest to a lottery stock would be KULR. My thesis is that it's on the cusp of turning profitable, and should appreciate in value either after ER for Q2 or Q3 this year.

TequilaTrader

SPCE had a successful flight.

Shoddy_Roof_5967

SPCE for those who love spaceships like I do. These guys are doing great job, company is shorted by villains who did not watch Star Trek.

chenlukai

Short term, there's a reverse split vote coming up on June 12th, those are viewed as bearish for the stock. Timeline-wise, SPCE does seem like they are on track for their projections. However, there's a long period of "Do nothing except prepare for next flight" that I don't think is going to sit well with investors. Competition-wise, I'm not seeing them come up with anything that specifically gives them an advantage over the others. However, space travel is still in it's infancy stage, and at the current rate of development, I think it's possible for them to share the market. So paradoxically, I think the success of SPCE depends on the advancement of space travel technology, but at the same time, also depends on space travel technology not advancing too fast.

ImpossibleJoke7456

The $3000 that SPCE turned into $300 is firmly in my “now too small to sell so just hold it for 20 years as a reminder to not listen to the hype” category.

daniaustria

So why switzerland central bank sold apple and bought SPCE?

Terrible_Champion298

Virgin Orbit (VORB) no longer exists. Virgin Galactic (SPCE) continuously piled on huge debt until I simply ran out of patience with them, sold for a loss, and didn’t look back. Frankly, I’m surprised it can still operate.

TheseKnicks

You have to be a lunatic to actively trade options or stocks in general for the last 15 years. I did a lot of swing trading, but could be a lot richer with a long term approach that didn't lock in profits based on "over-valued" names. Companies like AMD, NVDA, MSFT, APPLE. Selling during hysteria, missing bottoms trying to time, and buying higher anyway. Don't get me started on Amazon. Bad and overvalued, crashes 40% to 5x off the bottom because of underestimating AWS as their core profit segment. Just terrible approach of fear based trading off headlines. Every time there was a buying opportunity, you think it gets worse, until it doesn't and miss a move. I knew SPACs were a scam from day 1 so avoided the SPCE memes or Lucid merger. The whole idea seemed like a pump and dump with little benefit for non-insiders. Good companies always seem to keep going up when you think they're done. Remember that, and don't be afraid to buy dips because you're afraid of something outside the company's control like a recession or pandemic. Good companies know how to navigate those, and you will be rewarded for taking on that risk eventually.