Virgin boss Sir Richard Branson has announced his company has signed an agreement worth £14m to take private passengers into space.
The deal with the US firm which owns the technology could be worth millions over the next 15 years, depending on the number of space vehicles built.
Prices for each seat into space are expected to start at around £115,000.
Sir Richard revealed the new venture at a briefing held on Monday at the Royal Aeronautical Society in London.
"Virgin Galactic will be run as a business, but a business with the sole purpose of making space travel more and more affordable."
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