Chamath = A snake oil salesman that promotes terrible, impossible, or unachievable businesses marketed as world changing and profitable.

@denshelldenejour3891

25 күн бұрын

Chamath Is a scammer

@coldspring22

25 күн бұрын

Chamath is scammer but a small timer compared to Elon Musk

@MILFHunter123

25 күн бұрын

What do you expect from an Indian? Look at MAGA Boy Vivek Ramaswamy

@Jeez001

25 күн бұрын

Chamath was dumped all the shares. All the while telling everyone to buy it

@taWay21

25 күн бұрын

Then dumps on shares on retail.

WSM calling out SPAC’s never gets old

@andrewliffey

25 күн бұрын

at this point it's a classic part of the channel

@tripplefives1402

25 күн бұрын

WSM spac when? Will you buy?

@Jeez001

25 күн бұрын

Another Chamath SPAC..

@jungeunji8289

25 күн бұрын

chamaths spac's however are getting old

200k potential customers with probably no repeat business doesn't seem endless at all.

@Toralian89

25 күн бұрын

Eh, they have children that will be rich for generations too.

@BobPagani

25 күн бұрын

My thought exactly. It's a very limited number of POTENTIAL customers and only a fraction of them will be interested in this.

@edsonndanguzi3797

25 күн бұрын

​@@Toralian89not everyone with over 50 million wants to fly to space

@fix0the0spade

25 күн бұрын

@@Toralian89 Yeah but the ultra rich have short attention spans, the kids will want to do some other dumb exepnsive thing to what mum and dad did.

@SnowmanTF2

25 күн бұрын

@@Toralian89 It is not exactly unheard of for families that had wealth that could last for generations to spend that within a generation to couple. Even many that did not spend like crazy or lavishly donate had issues, since if each generation has multiple kids, then that can quickly outpace interest rates and average stock gains (so unless get lucky on a stock or new businesses, may just be keeping up inflation or losing out to it).

Tbf this is how 90% of Virgin companies end... They slap the logo on any company they can and the ones that manage to takeoff pay for the ones that don't.

@davidgreen7849

13 күн бұрын

And the real hero/designer/originator behind this 'space system' wasn't Branson but Burt Rutan and his small Composite Aircraft development team a decade or so ago.

@Puzzoozoo

13 күн бұрын

No doubt you've read Tom Bower's book Branson: Behind the mask, if not you should, it is an eye opener about him.

@JasonKutchma

12 күн бұрын

Haha congrats you've discovered venture capitalism. 😁

@Madasin_Paine

12 күн бұрын

Epstein ponzi blackmail influence intel military ops experts say.

@demenascus

7 күн бұрын

YES YES! Mr Branson did the same thing in Australia with Virgin Blue ... officially it didn't bankrupt (i think) but it was acquired by a holding company which issued new shares AND the old shares were worth NOTHING .. i didn't loose too much money but some people did just because they believed in Mr Branson reputation . He can write as many books as he wants my opinion about him is that he is a crook ... Come on ! A quick back of the envelope calculation showed it was never going to be profitable no matter how much money they would charge.

I’m sure those billionaires who got crushed down at the Titanic didn’t help sales either.

@lilblackduc7312

24 күн бұрын

"Pride" goes before the fall.

@gmarie701

23 күн бұрын

Not really crushed, but atomized/vaporized almost instantaneously. Not that they knew the difference.

Virgin galactic has been on its deathbed claiming "I'm not dead. I'm getting better" for a year now. Maybe more

@MatthewStinar

25 күн бұрын

It worked for the Black Knight, didn't it? "'Tis but a scratch."

@brianwelch1579

25 күн бұрын

Literally EVERY richard branson company ever after he bails out.

@Number69

25 күн бұрын

I never knew they were sick (Norm reference... they were never well)

@tigerlancer

25 күн бұрын

How many billions have they spent since day 1?

@Number69

25 күн бұрын

@@tigerlancer around 2.2bn, market cap 0.162bn, revenue... 0.007bn

WOW - Operating Expenses of $1,000,000+ per day!?! While the New Mexico taxpayers were deceived into paying $300,000,000+ to build the SpacePort. Politicians keep deluding themselves into thinking they are clever investors, then throwing public $$ into speculative nonsense - it should be illegal for governments to give massive $$gifts to private companies. If ideas are valid, then private investment will follow. Unless the profits are paid to the taxpaying citizens, then get the billionaires to pay for their own SpacePorts, sports stadiums, etc.

@Lucas_Antar

25 күн бұрын

I understand ur sentiment and generally agree with restricting subsidies but it needs to be a value consideration. Like private industry funded cars but they couldn’t fund or coordinate a project like the interstate highway system. We wouldn’t have fiber intern without the government installment subsidies and other things so it’s important

@samsonsoturian6013

25 күн бұрын

Liars get scalped

@fabamatic

24 күн бұрын

​@@Lucas_Antar ok, but keep it real. No need for space tourism for billionaires

@zvexevz

24 күн бұрын

@@Lucas_Antar Can't speak for the other dude, but I feel like we can criticize public sector investment that is little more than corporate welfare, while still supporting state financed projects that provide a public good. The difference between the two is in both ownership and access: the interstate highway system is not owned by private businesses, and is accessible to all road users. So the benefits of good infrastructure end up being largely shared by everyone in society. But business interests aren't happy with such an outcome. They want the benefits of ownership and the ability to charge for access, without the burden of investing the required capital. And so we get the dreaded "private-public partnership", governments start colluding with private interests to refocus public investment onto privately owned and operated ventures.

@arcanondrum6543

22 күн бұрын

​​@@sn5806 Yup! There was a Matt Damon movie about that; you don't even need to bribe everyone, just a few influencers. I believe in government (we wouldn't get to elect a King or a corporation) but it's no accident that entities with enormous wealth (people, corporations) work hard to break government in their favor.

It was a pipedream from day 1, it's a miracle that it's lasted this long

@verypleasantguy

25 күн бұрын

It was a pipedream but it was a good pipedream for China --- At the very least, China knows what *_NOT_* to do

@qudis7950

25 күн бұрын

Some pipedreams have potential if the idea has substance and the tech and right people are in place.

@Lucas_Antar

25 күн бұрын

Pipe dream are possible we shouldn’t count them all out

@xiaoka

25 күн бұрын

I had great interest when they won the X-prize... In 2004! The fact that it took them almost 2 decades to get a semi-workable commercial model going is amazingly bad.

@bigspin69

23 күн бұрын

a scam to get money out of some people’s pockets that what it is ..

Their problem is that UP is not a destination. Space tourism implies you are going somewhere so until private resort stations are a thing there is no where to go outside the ISS but that is highly restricted and also beyond the range of the Virgin craft.

@xiaoka

25 күн бұрын

this architecture can never reach orbital speeds. At least Blue Origin is working on a larger orbital ship. Virgin is wasting money on its next gen dead end.

@vylbird8014

24 күн бұрын

'Up' is a brief destination. People with heaps of money to spend will part with some to enjoy a bit of time even on a suborbital flight to enjoy the view and the experience of floating in microgravity. But it's not a destination that attracts repeat customers, and the pool of people with that much money to throw away is small.

@jonathanj8303

22 күн бұрын

​@@xiaokaExactly the problem - this was always a complete waste of time, little more than a roller coaster with a quarter million seat cost. It can't, and could never possibly, carry people into orbit, it's just a joyride over the desert with a brief interval of zero g in the middle. What on earth was the point?

@DeepDeepSpace

11 күн бұрын

Sub orbital flights are a lot cheaper than orbital flights. Orbital flights would likely cost $20-40 million per seat. The problem is as the narrator said, they can't conduct enough flights to make it profitable. The demand is there, they just can't fulfill the demand.

@DeepDeepSpace

9 күн бұрын

@@acbulgin2 not true. There is a such thing as thrill seekers. People pay good money to do everything from climbing Mount Everest to visiting the Titanic. There are people who will pay money to see the earth from 50 miles up. Something no amusement park ride can accommodate. The problem is Virgin Galactic doesn't have the means to satisfy the demand. They can't conduct enough flights to make the venture profitable.

The real problem for me is that it’s not actual real space you go to… it’s just very very high up. Orbital flights are “real” space, and if you can afford $600k , you could probably afford to fly with a proper space company that will take you orbital…

@TheJustinJ

19 күн бұрын

This gets you above the Karmann line. The internationally recognized border of space. It is above 99.9% of the atmosphere. You can see the full curvature of earth and also the blackness of space with no sky above you. This costs 1% as much as a flight on Soyuz. Which Russia will gladly sell a seat for $50,000,000.

@DeepDeepSpace

11 күн бұрын

For an orbital flight, they would have to charge at least $20-40 million per seat. Orbital flights are not cheap, that is why they opted to go for sub orbital flights.

@HermannCortez

10 күн бұрын

83kms up is not beyond the Karman line

Virgin Galatics business model didn't pass the straight face test with me even the first time I heard it

@samsonsoturian6013

25 күн бұрын

Doubtful

@NoidoDev

5 күн бұрын

Oh, you are so smart for being pessimistic.

@EmperorDionx

5 күн бұрын

@NoidoDev a space travel agency??? Come on bruh. This idea is retarded at face value

@harpitap

Күн бұрын

same here

Let's skip all the testing and safty part. Look how well this turned out for Ocean Gate

@tellyboy17

25 күн бұрын

...or Boeing...

@DaedricFaZe

21 күн бұрын

And their hangars to manufacture the new Delta arent even built, the plane isnt even built. Do we rush to make money and have a catastrophe to lose money or get real world delays and lose money?

@TheJustinJ

19 күн бұрын

Rutan and Scaled Composites made 3x successful space flights in 2003.

It's essential to conduct thorough research, consider the long-term outlook of the companies, and diversify your investments to manage risk effectively.

@benjamineprg4249

22 күн бұрын

Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future despite news like these.

@V.stones

22 күн бұрын

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging.

@V.stones

22 күн бұрын

Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.

@Deitricklaverne

22 күн бұрын

the problem is that most don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high in these unpredictable conditions.

@Deitricklaverne

22 күн бұрын

Also the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge

The space tourism industry will collapse after the first fatal accident. And such an accident is inevitable. Even a mishap where no one dies but lives are threatened will kill it.

@richardconway6425

25 күн бұрын

Yes, I agree. A disastrous 'reality bites' moment will destroy the industry. The concept of space tourism is stupid.

@lurekayaklrf

25 күн бұрын

I dunno look how big cruises were straight after Covid when all the nightmare cruises happened. And there’s already people talking about going to the titanic. You’re acting like humans actually learn from their mistakes.

@Bramon83

21 күн бұрын

1986 reminds you it happened already.

@benjaminnicholas8746

13 күн бұрын

I’m sure we would have said the same about cars and planes

@phdonme1

12 күн бұрын

I just don't think a lot of people have any real desire to enter the exosphere. I mean it's probably pretty cool to look down on Earth but there's nothing else up there.

Virgin Galactic vs Chad Bankruptcy

@Need2Sneed

22 күн бұрын

Underrated comment

Virgin galactic started off somewhat promising very early on. The original idea was to make the suborbital spaceplane as simple as possible, with no fancy electronics and an extremely simple hybrid rocket engine, with a conservative mission profile which shouldn't require much heat shielding. On paper there was very little that could go wrong, so they could get a proof of concept off the ground quickly. It's just that when they got to testing, the basic design wasn't nearly as durable as expected. Critically, the designer of the airframe is famous for his distaste of fly-by-wire systems and computers, preferring simple mechanical linkages and full manual control. Getting that to work in a spaceplane was an impressive feat in its own right, but it also meant they NEEDED a human test pilot for every single flight test. It made bulk endurance testing way more dangerous, and by extent, slower and costlier. The SPAC cash injection was their final opportunity to start regular flights and actually make some money. But off course, the only reason they had to merge with a freaking SPAC was because any serious investor who looked too hard at their situation would notice that Virgin galactic was never going to make much money. Their design wasn't working out, and their tech had fallen behind. Now the window of opportunity for suborbital space tourism is closing, and Blue origin's New Shepard rocket can offer the same style of suborbital flights on a vehicle which appears a lot less janky. (It turned out that landing and reusing conventional vertical rocket boosters was actually a practical solution.) They even fly a bit higher than VG! Meanwhile, true orbital space tourism is becoming ever more affordable for the ultra rich, which makes these little suborbital hops look rather poverty spec in comparison. Especially when you start to look at the cost per minute of microgravity, a ride with Virgin Galactic now looks like a poor value even if you could easily afford it.

@Croz89

25 күн бұрын

I don't think it's the end for the DSTO spaceplane concept. It just needs something with a bit more grunt to get into orbit, then you've got a vehicle with the capability of a small rocket with the flexiblity, lower g-forces, and turnaround time of a spaceplane. Great for passengers and small but fragile cargo. But the tech probably needs a few more years of R&D. Though you can go the Dream Chaser route and just stick the thing on top of a booster!

@TheBooban

25 күн бұрын

No. Burtan was a one man company, in essence. He doesn’t need complicated computers to make his point. His idea was validated and enough to at least get going and start a business while the technology matured. The problem was that they had 2 fatal accidents. A startup can’t handle that. But VG keeps going. Why don’t they shut down now if they know they have no future? The technology works. They just need money and this can in fact happen in the future. Current investors may be screwed but a new investor may step in. Look how much the Saudis are spending on their EV. Or the line. Or whatever. A rocket plane taking off from Qatar maybe? Hell yeah. It’s a shame about Virgin Orbit though.

@EllieMaes-Grandad

23 күн бұрын

@@TheBooban Old Beardie is on a life-long ego trip . . .

@PRH123

2 күн бұрын

Interesting assertion that orbital space toruism is becoming ever more affordable. There's only a thimbleful of data, that conclusions can't be based on. Only a handful of extremely rich people have ever done it. And there will be nowhere to go without a government financed space station to go to. Which may be the case soon.

@TheBooban

2 күн бұрын

@@PRH123 "thimbleful"? SpaceX has made many launches and has proven it is more affordable than ever. There are also more rich people than ever and it doesn't matter if they are not many as SpaceX doesn't rely on tourists, that is just a bonus. And why do they have to go to a space station? The capsule can stay up there for days. The rich will pay for that too. Nothing wrong with catering to the rich. It provides jobs.

buy the dip, sell the delisting

@Bramon83

21 күн бұрын

owch

Richard Branson: "Help me Chamath, you're my only hope!" Chamath Palihapitiya: "No."

@Number69

25 күн бұрын

Chamath just seems like a carnival barker flogging worthless companies

I’m sure the Titan Submersible didn’t help stoke up those millionaire adventurers.

This year's challenges are sure to be more difficult. Reflecting back, I realize that I made horrible financial decisions for the entire year prior because I was so focused on my portfolio. I was forced to pick between future investing and purchasing a property. After opting to sell my investments, I discovered that the home I had purchased required more maintenance than I thought. It's becoming increasingly difficult to determine how much longer I can tolerate it.

@SasiponPanavaravatn

22 күн бұрын

Take it easy because we've all made mistakes

@AdamWright8fool

22 күн бұрын

Invest in companies that provide current cash flows to diversify your portfolio. I hired a planner at the end of 2023 to help me grow my portfolio, and in the last 7 months, I've profited in over 20,000 distinct marketplaces. If 2023 teaches us anything, it's that luck does not endure forever. Even in times of abundance, we should make more effort to plan for the worst case situation.

@FreestyleJameZ

22 күн бұрын

How can one locate a verifiable financial planner? I wouldn't mind looking up the professional who assisted you. I'll be retiring in two years and could need some help managing my considerably larger wealth. I don't want to take any chances.

@AdamWright8fool

22 күн бұрын

Leah Foster Alderman. You'll surely learn more if you search her up online.

@SasiponPanavaravatn

22 күн бұрын

Ah, I see. I really appreciate you providing such valuable info. Thank you.

The whole concept was flawed when you can go to Russia and pay $16,500 to get flown higher on a MIG 29 (59,000ft) than the Galactic vehicle takes you (55,000ft for $250K !!)

@georggellen9920

20 күн бұрын

Exactly ! And just for Your information , if one have balls enough , then can board Su27 for free , and participate in active combat in Ukraine , for free. With the biggest safety margin , that on Virgin crap...

@zemm9003

15 күн бұрын

​@@georggellen9920 Virgin is definitely more dangerous. I would prefer participating in active combat. It is definitely much safer than flying the space crap.

@DeepDeepSpace

11 күн бұрын

A MIG 29 does NOT fly higher than Virgin Galactic's Unity. Virgin Galatic's Unity takes passengers (264, 000 ft) or 50 miles. That is more than 4 times higher than a MIG 29 can fly.

@georggellen9920

11 күн бұрын

@@DeepDeepSpace Yes, true. But how do You compare flying on commercial vessel , against military fighter ?

@tjallingdalheuvel126

10 күн бұрын

Flying fighter is fun? Guess that depends. I left the airforce when they assigned me to the fighter program. Speed, G's fun? Not for me. After the gentrifuge blackout test, I was not going that path. Did get a ride a couple of times in a fighter. As boring as an airliner, bit a bit faster. Only fun thing was asking if one could actually fly in the Grand canyon and he dove in after radioing for a go ahead. Bit too much fun fore though. Almost regretted having asked. But yes, one can fly a fighter through grand canyon like in the original top gun movie.

I’ve always questioned the business model of a $250,000 carnival ride.

The first ticket was only worth the kitchen 10 years ago. Now the ticket price is the average inflated house in Bay Area.

@andrewjgrimm

20 күн бұрын

Wait - space tourism is inflating faster than house prices?

Who would have ever thought that a $250k-450k ticket price amusement park ride to nowhere would fail. 😂😂😂😂😂😂😂

The big failure of their project idea is that there aren't enough people who are nuts enough to risk their life for a 2 hour silly fun flight. Space tourism is just idiotic.

@DeepDeepSpace

11 күн бұрын

There are plenty of people willing to do it. The problem is Virgin Galactic doesn't have the means to fulfill the demand. They can't fly enough flights to earn the money they need.

@faroncobb6040

10 күн бұрын

Nah, the real failure is that they are spending absurd amounts of money for tiny amounts of engineering. Companies like SpaceX and Rocket Lab accomplished enormously more with much less money and in much less time than Virgin Galactic. But those companies were run with the goal of building rockets, the goal of Virgin Galactic was to give Branson a joyride to "space," and to let Branson cash out part of his ownership stake for an enormous profit, both of which it has now accomplished. The final step will be to drain as much of the remaining capital as possible into the pockets of Branson and his buddies and then declare bankruptcy. There was never any plausible path to making the company worth what the sucker who bought into the SPAC paid, it was all a grift.

@asthalis

8 күн бұрын

@@DeepDeepSpace There's a big gap between "willing to do it" and "will do it actually". Same as in car shows : many people say "if this show car is for sale, I'll buy it !" but inside they know they will never.

@DeepDeepSpace

8 күн бұрын

@@asthalis there is a such thing as induced demand. A phenomena that compels people to buy something if it's made available. When cell phones were made available, people bought them. When smart phones were made available, people bought them. When cars were made available, people bought them. When airline travel became available, people bought tickets. In many cases its all about making it available. Virgin Galactic wasn't able to make sub orbital flights available, as a result, people weren't able to buy tickets.

If he built a roller coaster I'd avoid it.

My car is a sub-orbital vehicle.

The economics never made any sense at all. The only way this could ever work was if you had a system which had a conventional usecase, in this case they could have made a vehicle which could carry suborbital experiements cheaply, and then certify it as safe after flying commercial non-human payloads many times. Flying ONLY humans will never be a usecase for any space vehicle.

@Croz89

25 күн бұрын

I'm not so sure. At the moment for humans the best we have are capsules, and they are OK but far from perfect. I really doubt Starship is ever going to carry humans, so that leaves the market open for something else. What VG lacked was a vehicle that could at least get to LEO. Suborbital is great for a fun jaunt for tourists but as a ferry for professional astronauts it's pointless. That's why I think something like Dream Chaser has more promise.

@richardconway6425

25 күн бұрын

Virgin had a 'conventional use case' rocket system, virgin orbit, but it went bankrupt last year.

@ThePhiphler

25 күн бұрын

@@richardconway6425 Virgin Orbit was a different business entirely.

When you lose $1 million a day, you are bankrupt - you just haven’t declared it yet

@christianlingurar7085

7 күн бұрын

as a former bank (low-tier) manager: ROFLOL

All Branson has to do is mention "AI" its bound to goose the share price sufficiently.

I think SpaceX might very well be a serious competitor if they can perfect Starship at some point later this decade. Virgin Galactic doesnt even get people into earth orbit, they just graze the edge of the upper atmosphere for a few minutes. With SpaceX you could get a real orbital experience for hours or even days.

@ZontarDow

25 күн бұрын

The problem with that assumption with them finishing Starship development is the fact that they haven't actually figured out how to make it a physically possible craft.

@gdutfulkbhh7537

14 күн бұрын

Starship is a scam. It'll never make money.

20 years of very expensive PR. Zero delivery.

I've been waiting weeks for this

Virgin Galactic will end up like Virgin Hyperloop.

@WiredLizard

20 күн бұрын

And Virgin Orbit

I was thinking about buying virgin galactic and quadrupling the number of passengers on each flight by selling standing room reservations. First class gets a seat... with a parachute at an additional cost.

Virgin Galactic, the OceanGate of the sky.

Branson started two companies with mythical business plan and technology, the Galactic and the Hyperloop. He was ablento swindle investors out of billions for both companies without spending a dime of his own.

I'm so torn... virgin galactic could either be building usless ships that will never pay for themselves, or this could be the early stage of the comoany in 5th element that gives space cruises

This commercial space tourism is just as ridiculous as Disney Starwars hotel charging 6k for a family weekend… A lot cheaper but still not a viable model.. How many time will the people who can afford it do it… That’s if they would be interested in it to begin with SMH

@TheJustinJ

19 күн бұрын

Scaled Composites designed two aircraft/spacecraft and built them. Test flew 50+ times And launched them into space three times. With Brian Binnie, Mike Melville, and Dick Rutan at the controlls. Melville was a homebuilt aircraft guy. He made an airplane in his garage, and ended up flying one into space. This project was under $25M all-in. The actual aircraft were $10M. About the price of a small commercial propeller plane. This is affordable if done right.

Virgin Galactic was bankrupt when they ditched the Rutan designed spaceship one and built an enormous monstrosity. The Airbus A380 almost became unprofitable carrying 800+ routine and well paying passengers per flight. How are you going to pay for a jet larger than that with five tickets? Or even a hundred tickets? Huh?

I love this channel. Been watching it for a few years. The author manages to get to pretty sensible and often self-evident point, like complete stupidity of suborbital “space” tourism business model… through the most idiotic logical chain and complete misunderstanding of the subject. Bravo. Content we deserve.

@creedolala6918

25 күн бұрын

What parts do you feel were idiotic or misunderstood?

Virgin galactics design is not decades ahead of its time. That's the problem.

@samsonsoturian6013

25 күн бұрын

"Decades ahead of its time" is ab oxymoron

Whenn you see SPAC, you go SHORT

@samsonsoturian6013

25 күн бұрын

No, they're expensive to borrow and volatile and can last over a decade depending on conditions

@serioserkanalname499

24 күн бұрын

Thats just gambling though, because weve seen many times no matter how bad the fundamanetal numbers or buisness case are, some "investors" will pump it based on hype alone.

If you don't do at least one orbit and re-enter the atmosphere in a fireball, you didn't do a spaceflight. That is why it failed.

Thanks Chamath!

I remember learning about spaceship one and how it was the first spacecraft to fly twice in two weeks back in 2004. It’s a shame to see they couldn’t turn it into a successful business. At least I can still fly it in KSP1

The similarities with the Titan Submarine are hard to ignore.

Good job man!

I think the reason that Virgin Galactic never made it is simply that launching a rocket from the air is limited to a maximum mass. The aircraft carrying the rocket replaces stage 1 of a ground launch rocket. The aircraft is limited by what it can carry whereas a stage 1 can launch far higher mass rockets with far more payload.

Don't worry Sir Richard, you're in good company. Disney couldn't keep their space tourism business going either.

Finally I was expecting this for a while now

The crazy part is that most of these weren’t even hard to see coming. Most of them had the thinnest layer of deception and yet so many ‘smart money’ people fell for it and most of them deserve it.

Virgin Hyperloop went the same way

I think after what happened to the Titanic Submarine incident, every rich person who isn't a thrill seeker lost interest. Horrible business model.

Funny 250.000 $ gives you also a one way ticket to visit the Titanic

the very idea of ​​"space tourism" is questionable from the very beginning!

@samsonsoturian6013

25 күн бұрын

Hardly. Bezos bought a whole rocket just to go.

@dobariyanaitikdineshbhai6832

24 күн бұрын

​@@samsonsoturian6013 Blue origin also has shifted their attention from tourism to satellite launch and crewed launch market. Space tourism was never feasible.

@remliqa

22 күн бұрын

@@dobariyanaitikdineshbhai6832 Not really, every year million of people goes on extreme tourism , skydiving, mountain climbing , you name it. The problem is current space tourism industry had yet to solve the problem that those matured industries solved years ago such as cost, infrastructure , safety etc . In short it still have not developed enough to be feasible , but that is only a matter of time.

@OrjanGrahn-ou7im

8 күн бұрын

Moon tourism on the other hand …… …in 40 years or so.

Commercial spaceflights as a concept rivals the cybertruck in viability. You make some, and when people see what they get they just say nah.

Branson seems to have lost the plot. Between his failed hyperloop operation and this doomed space tourism venture, he committed his future to extreme long-shot projects. Two major failures in judgement.

@Shreendg

25 күн бұрын

He sees Elon making a flashy mistake and thinks that he can't be left out.

@rossamullen5918

25 күн бұрын

I expect him to announce a robo-taxi company any day now.

@samsonsoturian6013

25 күн бұрын

He has always been nearly a ponzi schemer. Most of his ventures have little chance of making little money, not as bad as some of the SPACs but still uninvestible

@Godsavethecrumpets

25 күн бұрын

He made off like a bandit and sold the stock at the near top, profited to the tune of nearly 350 million.

@tullochgorum6323

25 күн бұрын

@@Godsavethecrumpets If that's true, it looks horribly like a pump and dump. As an investor, I would be seriously unimpressed!

in other words, numerous institutional and retail investors came together to subsidize the space adventures of a few lucky billionares.

@lexlayabout5757

22 күн бұрын

Yes, it was like vicarious sex for them.

I respect Richard Branson. He just wants to follow his dream what is more important to him than his wealth. The only bad thing about Virgin Galactic that He made it as a publicly traded company....

@jamesodell3064

25 күн бұрын

His dream and a lot of other investor's money.

@RR-et6zp

25 күн бұрын

it was for richard to make more money. It was never. a real thing

@foxxster3565

24 күн бұрын

I have never respected him. You should read the alternative biography of him. Tells a very different story to his public persona. I think he is a complete con man and would never put a cent into any business of his. He started out his business career with a mail order record business in the uk. He was able to undermine his competition by evading VAT.

@EllieMaes-Grandad

23 күн бұрын

@@foxxster3565 Mommy bailed him out when HMRC was on his tail. "Branson: Behind the Mask" 2014 Tom Bower. The second Branson biography Bower has written. The first, "Branson", republished August 2008, with added extras, even more business failures, was described by Branson as a "foul, foul piece of work". Tom Bower really doesn't like Richard Branson and Richard Branson really doesn't like Tom Bower.

@dukenukem5768

22 күн бұрын

Branson was always a narcissistic idiot.

Looking back, I can't believe I fell for Chamath and, separately, Musk's bullshit. I really bought Chamath's "let them fail" interview -- I still do. Now I'm skeptical of any anti-hero who tells us what we obviously want to hear.

virgin galactic should have started the business from the more mature and profitable sector, like launching satellites, or pursuing government contract like what space X is doing.

Watching "Virgin Galactic: The Myth of Informed Concent for Space Tourism" by Alexander the ok horrified me and makes me wonder how Virgin wasn't forcibly shut down years ago.

Ah, the old Adam Neumann business model, suck up all the cash from your investors.

SPCE was my very first free stock from Robinhood which is why I wanted to trade it so much in 2020 😂

This whole operation seems to me to be heading to the final conclusion that happened to the Titan submersible carrying paying passengers down to the Titanic. I 🙏 not.

Virgin Galactic's been dying of the same heart attack for twenty years. Its called Richard Branson.

Can you do a video about a company you think is doing well

WHY? IT IS VERY SIMPLE A SPACE COMPANY MUST BE ABLE TO ACTUALLY GO TO SPACE IN ORDER TO BE A SPACE COMPANY IF YOU PLAY THAT NONSENSE 80 TO 100 KM ABOVE GROUND LINE ... WELL ... THAT IS NOT SPACE PLAIN AND SIMPLE

After the Ocean Gate accident, ultra expensive high risk adventures don't seem so enticing anymore 😅

Site seeing space flight is never going to be a thing. What an absolute ridiculous idea.

@Libertaro-i2u

7 күн бұрын

It probably is. Once space infrastructure has developed enough and the cost to launch things into orbit drops significantly, outer space sightseeing will almost CERTAINLY become a thing!

The problem has always been, it doesn’t really go to space.

Space flight is complicated. Moon landing is easy

It's flying OcenGate.

Not saying it was viable but at least they did it

When I first heard about it, it didn't make business sense to me. If the billionaire thought it was a good idea then it would have been a private company. Remember it not the product or service being sold but the idea that the stock will go higher. That's where the big money is being made selling the DREAM.

That was a great video and confirmed my general assessment. You have to distinguish between the coolness of what they are doing and the business model. You explained well the difficulty of space travel such that even if everything works out as planned there are still major risks and unknowns. Maybe if they had an extra billion or two of cash and maybe if the next generation spacecraft could transport 16-20 people instead of 6, I'd take a look, but it's too risky for me. We'll have to wait for a space elevator to make space transport a routine thing.

And they’re not the only game in town anymore either

I have lost money with them, i have no hopes for them

RB stole all the shareholders money?! What do you expect...he doesnt care!

now its time to buy. i heard this about tesla before it went up 5000%

You can always count on Richard Branson to golden parachute his way back down to earth.

I wonder, after Stockton Rush and Titan, are potential customers taking a closer look at how this "other" new technology is being implemented safely?

VSS Unity feels like a vehicle that will be featured on Mustard in a couple of years

Quick give them a massive bailout government contract for billions!

Branson I have always admired. A very genuine character hard working man with very or over ambitious ideas. He has taken huge risks to his own life and got away with it. Sorry to hear this is now almost defunct.

If you have $15m then a ticket at $450k is less than 1% of net worth. Holy cow how standards have fallen. (450000/15000000=3%)

@RowanMccole

23 күн бұрын

Turn the subtitles on. He clearly said 50m not 15m

@harrykreia5371

22 күн бұрын

Wow, 35% of the viewers didnt understand that, and the other half just not good in math.

What would it take to Virgin Galactic's suborbital vehicle up to the ISS? How many passengers fit?

So your saying we could buy virgin galactic for 165k and then own 800m in cash and investments, fire everyone pay my self 800m and then declare bankruptcy ?

@PRH123

2 күн бұрын

Sounds like a reasonable and solid business plan.

10 seconds of accelerating free fall is worth like USD 100 to normal people? Need a 500m tower, plus a curved bit at the end to decelerate. Students can work out the radius for a 2G turn, so your braking is on the horizontal

I miss Virgin America airline. It was my favorite US airline.

They had a wrong business model to begin with. In order to do the amount of R&D to scale they need some industrial or commoner market stuff, and that means they need some sort of satellite launch or military contracts. The way Elon use Starlinks to subsidize the launch is brilliant, as they sort of open new market for what helps (rural broadband, and fast network for the finance industry).

It would be pretty neat to see Virgin team up with SpaceX. SpaceX could feasibly supply the hardware and Virgin supply the experience

Imagine if space rockets can be produced like fruits from a tree, assembling themselves requiring only water, soil, and manure.

if they aren't flying customers what are they spending money on

They are too early, one day this will be a viable business and going to the moon or space will cost $5k I would estimate in 50 years time.

@David-rq9dl

25 күн бұрын

Going to a very low orbit around earth for 5k isn't going to work out. Just imagine the insane energy input you would need for a intercontinental flight to reach 30x it's cruising speed. Going to the moon on a 5k budget is completely impossible. Rockets today work on the exact same principles as they did 60 years ago. Cutting the cost per kg transported by 99.99% doesn't seem plausible.

Whatever happens they are the ones who pioneered this technology based on composite labs research. So they will still have a part to play in space tourism one way or another. This is a long term investment and not for faint hearted. Even blue origin and spacex are struggling with regular flights. Maybe treating it like any other share is not the right point of view.

Virgin should have a lottery or contest to let some of us enjoy the experience. It would hype up the company and create positive publicity. Their suborbital vehicles are so cool. I hope for the best for them.

Thanks from GenX, WSM! =)

Branson: "New price, $2000!!!"