Do you want an exciting new play?

If so, let’s take a look at a company that Investor’s Business Daily (IBD) calls the “Tesla of space.”

And just to add in some wordplay, IBD says it’s “skyrocketing.” (Pretty clever, huh?)

IBD is talking about Virgin Galactic (NYSE: SPCE), the company that aims to commercialize space travel by developing spacecraft for both private individuals and researchers.

Virgin Galactic operates as a holding company – engaging in “the business of owning and operating privately built spaceships.”

In other words, the company designs manned, passenger-carrying spaceships that can fly you to space, safely – without the need for expertise or exhaustive training.

Now, let me perfectly clear…

Does Virgin Galactic have any noteworthy earnings?

No.

Does it have any revenues?

Hardly.

Its current price-to-earnings ratio is an eye-popping 161.58.

However, since its latest earnings release on November 15, Virgin Galactic stock has more than doubled.

And over the last 10 days – call purchases are outpacing put purchases by a factor of 6-to-1.

Just look at the stock chart…

As you may have guessed, its founder is Sir Richard Charles Nicholas Branson, and clearly Wall Street doesn’t seem to care much about valuation these days.

Instead, Wall Street wants growth, uniqueness and vision.

And guess what? Virgin Galactic has all of these qualities.

On February 6, Barron’s reported, “2019 was a record year for ‘blank check’ companies.” Blank check companies are special purpose acquisition companies (SPACs) that have the sole purpose of raising money from public and private investors in order to identify an acquisition target and buy it – typically within two years.

Last year, 1 in 4 new initial public offerings (IPOs) were SPACs – collectively raising $13.6 billion. No wonder Barron’s said this structure is “booming on Wall Street.”

Action Plan: In The War Room this morning, members made their first call play on Virgin Galactic. If you’d like to start trading Virgin Galactic with us, then you’re invited to join me in The War Room!

And if not, do yourself a favor and set aside some purely speculative money – and establish a new stock position in Virgin Galactic right now. If you’re up for speculating, then the company that IBD calls the “Tesla of space” should be the newest addition to your portfolio.