Virgin Galactic +3% after UBS talks up space tourism potential

• UBS launches coverage on Virgin Galactic (NYSE:SPCE).
• The firm forecasts space tourism could grow to a $38B per year industry by 2030.
• "We see Virgin Galactic as the only way for consumers to gain entry into the ~560 member astronaut club in the next 5 years. There will be competitors, but the curation of the VG product from marketing to life-long brand connection, in addition to an operating model supporting a uniquely high flight-rate, separates the VG experience from the others."
• Shares of Virgin Galactic are up 2.89% in early trading to $16.38.