Since 2015, Blue Origin has flown 15 test flights. He financed the company by selling $1 billion (£79m) in Amazon (NASDAQ: AMZN) shares a year. In the long term, the company wants to enable customers to buy real estate in space and use space resources and energy. In the second phase, Virgin Galactic plans to offer long-haul (hypersonic and supersonic) flights and tap into a staggering $900 billion (£713bn) aviation market. In the first phase, it will gain revenue from ticket sales for private flights, and from microgravity research, space infrastructure and services.
Virgin Galactic is a three-stage growth company.
At the time of publication, its shares are trading on the NYSE at almost $7.5 (£6) each. The flotation took place via the SPAC merger. Virgin Galactic went public in October 2019 and was the first space company to do so. So with space tourism now being seen as a reality, what space related companies should invest keep an eye out for? Musk himself has not yet flown into space but has booked a ticket on Virgin Galactic flights. Last year, his Falcon 9 rocket began transporting astronauts to the ISS in the Dragon spacecraft. Billionaire private space travel enthusiasts also include SpaceX founder Elon Musk. In the same year, Jeff Bezos, successfully flew into space in the New Shepard spacecraft built by his company Blue Origin. His flight took about an hour, included several minutes of weightlessness, and reached an altitude of 90km.
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What previously seemed like science fiction and the prediction of futurologists is now becoming much more of a reality – you do not have to be a professional astronaut to be able to fly into space.īillionaire Richard Branson, founder of Virgin Galactic (SPCE), successfully flew to the edge of space on in 2021.
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