On October 28, 2019, I bought 60 shares of Virgin Galactic (SPCE) at $12.66 per share. 

Unlike other stocks in our child portfolio - SPCE is not a dividend payer (at least not yet). In fact, I bought SPCE after watching CNBC live and my better part told me to buy at least 10 shares for our baby daughter. 10 shares seemed too little, that's why I bought 60.

Those of you unfamiliar with Virgin Galactic -  is a spaceflight company within the Virgin Group. It is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists and suborbital launches for space science missions. Virgin Galactic plans to provide orbital human spaceflights as well.

If the public want to dabble a little bit in a spaceship company, own a little bit of a spaceship company, they can now do so,

Branson said on CNBC’s “Squawk on the Street.”

Flying tourists begins 2020

With a price tag of $250,000 per person, Virgin Galactic plans to carry as many as six passengers in its spacecraft at a time. Flown by two pilots, spaceship is dropped from a jet-powered aircraft and fires a rocket motor, reaching over three times the speed of sound as it climbs though the Earth’s atmosphere. Then the spacecraft and its passengers float weightless for a few minutes, before gliding back down to land on Earth much like a traditional aircraft.

Read more: Virgin Galactic shares debut as the space tourism company begins trading under the ticker SPCE

By now SPCE takes 3.98% from our US stock portfolio 

As there are no dividends planned (yet) I'm looking to sell naked puts / covered calls on this stock in the future. 

One of the next goals is to buy an additional 40 shares of SPCE and start selling covered calls

When talking about SPCE, I'm looking on it as a growth stock. Also, this buy is purely speculative, the worst that can happen the stock price can go to 0 and if so, we will lose little money, the best SPCE could skyrocket in next 3-5-10 years. To add more spice (and get most out of the stock) I'm looking to trade options on SPCE stock in the future.

Get the latest dividend income article in your inbox

Join more than 200 subscribers and get notified once the newest dividend income article is is out.
* indicates required

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit Privacy policy