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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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.
Virgin Galactic's Downfall
- Galloway predicts Virgin Galactic's demise due to poor cash flow or a potential accident.
- He criticizes "Virgin" branded ventures, viewing them as schemes to extract money from retail investors.
Amazon's Stock Collateral Program
- Amazon's stock collateral program incentivizes employee stock retention and offers a perceived benefit.
- It allows employees to leverage stock for home down payments without selling, betting on stock appreciation.