The Prof G Pod with Scott Galloway Prof G Markets: Virgin Galactic is Going to Zero, Stock as Collateral + Instacart & the IPO Market
10 snips
Mar 6, 2023 
Ed Elson, a savvy media analyst, joins Scott to dissect the financial pitfalls of Virgin Galactic, arguing its business model is fundamentally flawed. They explore Amazon's unique deal allowing employees to use stock as home loan collateral, adding an intriguing twist to financial security. The conversation shifts to Instacart's revival in the grocery delivery market post-pandemic, suggesting it may be pivotal for the IPO landscape. The duo offers sharp insights into the evolving dynamics of both space travel investments and grocery delivery trends.
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Virgin Galactic's Challenges
- Virgin Galactic faces unique challenges as it is both demand-constrained and supply-constrained.
- Limited market for expensive suborbital flights and difficulties in regular space operations hinder its success.
Galloway's Virgin Galactic Concerns
- Scott Galloway would pay millions to avoid flying on Virgin Galactic due to motion sickness and safety concerns.
- He highlights the high risk of space travel, comparing it to base jumping.
Supersonic vs. Space Tourism
- Galloway contrasts his $3M investment in supersonic flight with his aversion to space tourism.
- He emphasizes supersonic flight's commercial viability and technological advancements, unlike space tourism.