Our “buy” rating remains, as does my target price of $32.50. The long term looks rosy, Virgin Galactic's forecasted revenue trajectory remains intact.

A recent analytical revenue expectation shows the future potential:

Year	Estimated number of paid passengers flown	Cost per seat	Total revenue
2021	21	$250,000	$3 million
2022	30	$250,000	$7.5 million
2023	240	$250,000	$60 million
2024	720 (2 per day)	$250,000	$252 million
2025	960 ( 2.5 per day)	$350,000 (with some costing $250,000 and others $450,000	$432 million
2026	1,440 ( 4 per day)	$450,000	$720 million
2027	1,920 ( 5 per day)	$500,000	$960 million
2028	2,400 (6.5 per day)	$500,000	$1.2 billion
2029	2,880 (8 per day)	$500,000	$1.44 billion
2030	3,360 (9 per day)	$500,000	$1.68 billion

If the current estimates are correct, then carrying 13,000 plus persons to space over the next 10 years would still leave this market massively untapped. Virgin Galactic will soon start seriously marketing their service to the high net worth group namely those who's wealth is between $10 million to $50 million 836,000 individuals. But there are plenty potential customers due to the fact 1.7 million plus people have a net worth of $5 million to $10 million, so in fact there are many potential customers who could easily afford a trip to space and the once in a lifetime trip.