Jefferies says buy Virgin Galactic stock on the dip to play the $120 billion space travel market

Spacecraft VSS Unity lands on the runway at Spaceport America in New Mexico after the company's fourth spaceflight test on July 11, 2021.
Virgin Galactic

Jefferies on Tuesday began coverage of Virgin Galactic with a buy rating, saying the company can tap into the firm's estimated $120 billion market for space travel demand.