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chamath palpatiya invested 100 million dollars into virgin galactic in this video we're going to talk about why he's so bullish from virgin galactic and the space economy what's up guys in this video we're talking about chamath palpatiya virgin galactic and the space economy we're going to take a look what chamath had to say about virgin galactic over the last two years but first who is champa chamath is the founder and ceo of social capital he was also an early senior executive at facebook and has a net worth of 1 billion dollars my name is benny this channel is all about investing in stocks and i'm trying to make you guys money if you guys are interested in making some serious returns in the stock market this channel is for you i talk all things stocks and investing and finding opportunity where others don't see it yet and that's what this video is all about the space economy the next big thing since the internet also don't forget hit the subscribe button if you want to see more content and if you liked the video don't forget to hit the thumbs up for me guys okay so over the last two years chamoth papatia has done several interviews talking about virgin galactic and the space economy we're gonna take a look at four key areas that math talked about all to do with the virgin galactic on why it's such a good investment in part one of this video we're gonna be talking about chemoth breaking down the demand for virgin galactic's space tourism business the space tourism business is supposed to launch in early 2021 when founder richard branson is expected to fly to space in part two of this video we're going to be looking at what chamoth had to say about the safety of the business the worst case scenario for most investors when investing virgin galactic as if their spaceship crashed this would send the stock price soaring down however in the clips i'm going to show you you're going to see chamath have absolute conviction that safety is not a concern part three we're looking at hypersonic travel and how virgin galactic has a 300 billion dollar opportunity here and we're talking about 300 billion we're talking about 300 billion revenue a year in part four you're going to see how chmath talks about virgin galactic being an incredibly safe investment and their incredible software-like margins what do you think especially now that there's going to be quarterly earnings reports what do you think investors are going to hear from this company i think there's many two vectors that gonna really gonna matter the first vector is to describe the demand so there are already 600 plus customers that have paid um you know 80 million dollars about 120 million in future business there's three or four thousand more after today i suspect there'll be many more thousands after that who want to give us money and so i think understanding that demand will be really important for people to uh get comfortable around the long-term projections and then the second is about georgia's execution ability and his team's path to getting these rockets in the air uh on a more and more frequent basis let's talk a little bit about that shall we george i i know you guys i know the company is targeting next year to begin commercial service 600 person backlog right now how big is this market for suborbital space tourism and i guess longer term how many people are going to be paying 250 thousand dollars for a ticket to space well the exciting thing morgan is is that um we're in the the highest growth part of the luxury sort of services experience it's out of home luxury experiences is the part that's growing the fastest and that's basically what we're doing and so you know globally we think around two million people can experience this uh over the over the coming years at this price point and then of course over time we'll be able to reduce that price point and at that point the market just explodes like it's you know ten times as many to 40 million people so we think it's like a huge market and it's going to be capacity constrained for the near near term now publicly speaking there really is no direct comparable for virgin galactic in the private market there is one uh comparable company and and that's blue origin jeff bezos blue origin how are you thinking about competition well you know um i think what jeff and the team over at blue are doing is great you know we think that we've got a really attractive service offering um but you know ultimately we think this is going to be a capacity constrained market like more people are going to want to go to space than either of us can bring in terms of service so we think we've got an amazing experience from our runway takeoff to runway landing and then a very safe rocket motor and just a wonderful experience in space where people are gonna be able to you know have these amazing suits and float around the cabin and experience the wonder of looking down to planet earth so i think it's it's going to be a great market for both a couple of weeks ago as well um one of the questions that gets put to me a lot by prospective investors and is um how do you know it's going to be safe right and um and and so when it comes to space okay when it comes to space i mean space is hard human spaceflight even harder uh it's got to basically go off without a hitch near perfect no real room for for error here um how do you ensure that that's the case and what do you tell people well it's actually funny i was a customer first and so me and my wife are gonna go chamath's gonna go richard is of course going to be in the first commercial flight so we're like uh very confident that this is going to be a safe experience basically when it comes down to two things is one is we've got a very safe architecture that can abort in any phase of flight and the other thing is that we've tested it extensively so really our system has been in test for over 10 years and what we've been able to do is just really drive up the reliability of the system so that we feel a real high confidence in the system itself yeah hypersonic travel has come up this idea of point-to-point travel around earth um and certainly seen at least by some of the analysts that are starting to look at this industry as as the big long-term opportunity i know it's been discussed with virgin galactic as well was that always part of the plan when you started this company it was um the reason that we one of the reasons that we built our spaceship like an airplane was because um you know by flying this airplane at three and a half thousand times the speed of sound sorry not the speed of sound three and a half thousand miles an hour um uh we're already testing a um a a spaceship or an or an airplane uh that can travel from point to point at tremendous speeds so we've just tied up with boeing and we're going to be exploring um point-to-point travel with them and i think the reason they invested in in virgin galactic was because um you know we've had 15 years of experience in this uh today how much was the hypersonic piece of this puzzle the driving force for you to invest to me it really represents the long-term optionality in the business so the way to think about it is today what we're buying is a really interesting very lucrative super high margin space tourism business where we'll be able to take some of the profits to iterate on this other idea long haul travel today 10 hour plus flights people are spending 300 plus billion dollars a year and morgan a hypersonic plane can take a 10 hour flight and reduce it to 90 minutes so the way to think about this is we're going to go and pioneer and really push this idea of space tourism getting people to space but as richard said once you do that you get a test bed of technologies we have a free option on hypersonics and when we deliver a product in the five to ten year time frame we will be able to directly disrupt a 300 plus billion dollar revenue business for the airlines what you're doing today with these investors um you know i'm sure it's going to be a fun day they're going to see great things but at the end of the day they're going to want to know that their investments are going to pay off this is kind of like an ultimate moon shot if you will how do you convince them of that well i actually think this is one of the safest and most interesting investments that i've ever made in fact i felt so confident after doing the diligence that i decided to invest in an additional 100 million dollars of my own money and the question is why and while what i saw was a hardware business and you can see some of the hardware behind me but with margins that look like a software business so gross margins approaching 70 percent ebitda margins approaching 50 it's a kind of a business that's very rare and unique very difficult to build not a lot of competition incredible amounts of demand very constrained supply huge margins um so i don't think it's a moonshot at all in fact in fact i think this is one of the most interesting uh value-laden investments that i've seen in a long time i hope you guys enjoyed this video on chamath palpatiya talk in all things virgin galactic when a billionaire such as chamath and richard branson have such conviction in a company like virgin galactic you really gotta take notice and hear what they have to say about it okay guys so on this channel this is part one of my virgin galactic series i'm gonna be uploading several more videos on virgin galactic i'm gonna be talking about their fundamentals their management team and what kind of return you can expect from virgin galactic in the next one to ten years you
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