SPCE i rechecked my valuation model with the new data

On the surface the quarterly report seems bad. More expenses, dilution of the stock and flight delays. But as always you need to think a little bit deeper then what the day traders are thinking. Sure i think that short term the stock price will go down. To 6 bucks, 5, 4 i dont know and i dont care. After tweaking my valuation model with the new information, the fair value of the company still comes up to 50 bucks. It is so undervalued that these minor changes in math dont matter. The risk with this company is and has always been bankruptcy way down the line "currently they have cash for more then 3 years with current operating expenses" and the other risk is if a ship full of clients blows up and they die. But when they build their first 6 delta ships that do their flights regularly, VG will be generating 777 600 000$ of revenue per year. At that point the risk of bankruptcy virtually goes away. And after that its all scaling and thinking about new ways to generate revenue. I always like to compare this company to Boeing which currently sits at over 90 bill of market cap vs VGs 2 bill market cap. Believe me with these kinds of prospects if the company survives the bear market and gets to scaling, wall street will not be valuing VG at fair price. The market cap will be 2, 3 x fair value which could mean hundreds of dollars of share price. People as always are thinking like day traders and can not see far enough with this kind of a company. Yes there is risk, but the risk/ reward is insane. If you want to do your risk less 10% per year go buy google or something.