Prof G Markets: Virgin Galactic is Going to Zero, Stock as Collateral + Instacart & the IPO Market
Mar 6, 2023
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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.
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.