Virgin Galactic said that they expect the first consumer space flights to happen in the second quarter of 2023. I think anything with the term virgin on it is primarily a vessel for transferring money from retail investors to a struggling airline or cruise ship line owned by a very charming and fascinating entrepreneur out of the UK. The whole space thing, there's space tourism, which is a stupid business mobile way. There's space exploration, which isn't space exploration at space execution. And then you have space hauling. It's just an entirely different game.
This week on Prof G Markets, Scott explains how Virgin Galactic’s unique supply and demand constraints make it a terrible business. He also breaks down why Amazon and Better.com are partnering to allow Amazon employees to pledge their stock as collateral for home loans — with a catch. Finally, Scott takes a look at the enduring grocery delivery market and shares his thoughts on why Instacart might hold the key to unlocking the IPO market.
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