Virgin to start with commercial space travel

Posted on Monday, September 27 2004 @ 12:35 CEST by Thomas De Maesschalck

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."

More info at BBC

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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