Well he finally did it. 17 years after Richard Branson first launched Virgin Galactic, the thrill-seeking billionaire has taken to the skies and reached space
In his boldest adventure yet, the 70 year old Richard Branson took off for the first stage of the flight.
On the ground, about 500 people watched on, including Richard Branson’s wife, children and grandchildren.
On board were his five crewmates from his Virgin Galactic space tourism company.
The space plane detached from the mother ship at an altitude of about 13km and fired its engine, reaching the edge of space about 88km up.
After a few minutes of weightlessness for the crew, the space plane is began its decent, set to end with a glide to a runway landing.
Richard Branson couldn’t contain his excitement, as he spoke on the journey back to earth.
He thanked his crew and remembered all those who had worked on the mammoth project.
After a decade of promises, the moment finally came for Richard Branson to unveil his spaceship for the people.
He said on board:: “To all you kids down there, I was once a kid with a dream. Now I’m up here, in a space ship!”
Customer spaceflight experience
As Branson took to space onboard Virgin Galactic, his official role for the journey will be “evaluating customer spaceflight experience”.
And that’s an important role – after all anyone who wants to rise Virgin Galactic will need to part with a quarter of a million dollars first, and that price is expected to rise.
Along with the two pilots, there is room for six passengers with a flight time of about an hour and a half.
The spaceship will just go over the 82 kilometres, which is where the US recognises someone as having been into space.
Then, passengers will get to experience about six minutes of weightlessness and seeing the curvature of the Earth and the darkness of space.
They will then descend, landing on a runway much like the old space shuttle or a normal passenger plane.
Jeff and Blue Origin are promising a completely different experience for their customers.
Blue Origin’s New Shepard, which has no pilots and room for six passengers, reaches more than 100 kilometres high, which is the internationally recognised boundary of space.
Passengers on Blue Origin will get about three minutes to float around and feel like they are in space.
Might be half the time, but the price is 50,000 dollars cheaper than flying on Virgin Galactic.
But either way, the expensive thrill ride marks the beginning of earth’s commercial passenger trips into space.
Virgin Galactic doesn’t expect to start flying customers before next year.
With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?
As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.
With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.
However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.
Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.
#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts
The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.
Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.
Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending
Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.
Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.
At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.
Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending