>> which we talked about with chamath palihapitiya as well >> valuations, ambition, kind of where weyear to say the least. >> meantime, shares are up 3%. highest of the morning still higher for a company that hasn't started service, which is not yet profitable, despite strong forecasts for growth and gross margins that we did here from the investors >> all right i am bringing things back to earth, so to speak >> oh boy. >> we had to transition somehow. >>> first i stopped wearing ties do i have to stop tucking in my shirt next the ceo of untuck it joins us to convince us. >>> first, rick santelli with shirt tucked in, what are you watching today >> what i'm watching is the data hasn't been spectacular. you think about last week's data yet interest rates continue to rise are bonds really the smartest sector in the room 'lta autt tethe any more wel lkbo iafr e break. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while pr

chamath palihapitiya standing over there on the right, 49% here it is already been trading in the preopen1.79 this is the old spat it is trading around $12.40 in the preopen. so that's up nice. remember went public two years ago at $10 the spat was $10 jumped up in july when it was announced that chamath was buying into virgin galactic and closed $11.79. a lot of interest in space these days and there are etfs out there. this is the first publicly traded clearly space company that is out there. but there is a number of them out there already. you can look at the rokt, that's the ken show final frontiers, investing companies that are very active in space programs. it has done pretty well, up 30%. includes teledyne, raytheon, northrop, l3 harris. that's done well some smaller etfs out there, if you're interested in space business, procure space etf, ufo, get it? that's the symbol. they invest mostly in satellites that only went public a few months ago a little young there but the satellite business is absolutely critical to what's going on in the overall business of space that's how a lot o

on cnbc we will have sir richard branson, the ceo of virgin ga lass particular and chamat chamath palihapitiyahad people in space suits floating around in a blue tank. what was that? >> that was two weeks ago when virgin galactic along with under armour showed their suits. >> that looks pretty cool. i have no interest in going to space, but that looks pretty cool let's talk a lot more about this joining us with a closer look at investing in space is mark bell. he is the founder, president and ceo of mark bell capital been listed in a top ten vc investor in space technology thank you for being here. >> thank you for having me. >> you first got hooked when you were 10 years old. you saw "star trek." >> i became a trekkie and dreamed of space ever since. >> how far have we come? >> space has become economical it's become affordable things that you couldn't do 20 years ago are now doable look what's happening today. virgin galactic is the first company that's going to go out there and put the average citizen into space. >> are you going to sign up? >> already on the waiting list. >> you've already