Let's go to space! 🚀
This week, Virgin open its doors to space tourists, the 10-to-1 Tesla stock split is on the way, Disney is entering the metaverse and Airbnb is ready for the year!
Hi,
It’s that time of the week again!
Some of us were boo’d up this week, some of us weren’t. Whatever the case may be, what we have together remains special!
Let’s jump into what went down this week, shall we?
Who Else is Off To Space with Tomi & Richard Brandson?
Well, by "who", I mean you people who have an extra $450K in their back pockets or in your Trove portfolios! 👀
Space tourism company Virgin Galactic, announced on Tuesday that it will open ticket sales to the public for the first time on Wednesday, and requires a $150,000 deposit to secure that seat to Space. Not for those of us still fighting Sapa! 🚶
Virgin Galactic ticket prices start at $450,000 each, as the company revealed last year, with three different sales offerings: a single-seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company has said previously that — of the $150,000 deposit — $25,000 is not refundable.
Shares of Virgin Galactic jumped 32% in trading to close at $10.74. The stock has been battered over the past 12 months, dropping 80%, with the company having delayed the beginning of commercial space flights to late this year.
Me, after cashing in on Virgin Atlantic Stock:
Elon is at it again; Another 10-for-1 Split
My people, I kid you not… Elon Musk knows how to run a company and keep shareholders really happy.
This guy knows how to make the magic happen over and over again. On August 11, 2020, he announced that Tesla will be doing a 5-for-1 stock split of its shares trading around $1,373 at the time. Fast forward till today, after the stock split, Tesla is back around $1,000 per share.
Meaning that investors who had Tesla shares before the split have almost 5X (500%) their investment if they are still holding till date. Holy Cow!!! That’s just jaw dropping!
But Elon Musk is not done, at least not for now, in a company-wide email sent to its workers, SpaceX is splitting the value of its common stocks by 10. Meaning, Private Investors holding the share at $560 per share, will now have 10 shares at $56 per share.
The split doesn’t directly impact the company valuation which currently stands at $100 billion, but with Elon, there’s no telling how quickly we’ll be back to $500/share.
My prayer is that may the gods of Elon, wey dey multiply valuation, smile on your portfolio.
Airbnb loveees the post-pandemic world!
Airbnb is prepared for life after the pandemic!
More people are booking longer-term rental stays because of flexible working arrangements as a result of the pandemic, says Airbnb CEO Brian Chesky.
“The pandemic has untethered millions of people from the need to be in office five days a week,” Chesky said on Wednesday. “As people get more flexible, fewer people are going to be in permanent residences.” The man has a point! 🤔 but does that mean folks will be paying double rent? Cos where would we put all our stuff while we gallivant?
Airbnb saw its strongest fourth quarter yet with 2021 being the company’s best year. Revenue for the fourth quarter came in at $1.5 billion, up 78% year over year.
Airbnb holders seeing this:
A Fairytale Metaverse
Even Disney is in on Metaverse!
Earlier this week, Disney appointed an executive to head the company’s Metaverse arm. Disney’s CEO, Bob Chapek, appointed Mike White as the Senior Vice President for Next Generation Storytelling and Consumer Experiences.
That title is a whole mouthful.
Mike White was previously in charge of Disney’s Consumer Experiences & Platforms and he has worked at Disney for over 11 years. He’s been tasked with bridging the gap between the physical and digital worlds for Disney. He would lead Disney’s metaverse strategy, primarily developing the next generation of Disney’s 100 years of storytelling.
Next generation of storytelling? Ko easy rara o!
Disney joined a long list of companies investing in taking their own piece of the Metaverse. Metaverse na International cake, e go touch everybody.
Something to look forward to this year!
How long have you been Saving/Investing?
In this week’s episode of our Millennial & Money series, our three guests told us about their fascinating history with saving & investing. You should check it out:
Forget not this ministry of ours: You’ve got 5 FREE SHARES WAITING FOR YOU if you tell a friend to tell a friend to:
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This week, nothing is out of reach for you! As Ke$ha said, “You can be everything. You can be the infinite amount of things that people are.” I believe in you that much!
Your dearest and favourite Stocks Market Gist Partner,
Tomi, From Trove 🖤
XOXO