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 Virgin Galactic's Spaceship Readies For Commercial Flights

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Virgin Galactic's Spaceship Readies For Commercial Flights Vide
PostSubject: Virgin Galactic's Spaceship Readies For Commercial Flights   Virgin Galactic's Spaceship Readies For Commercial Flights Icon_minitimeThu Mar 04, 2010 5:25 am
Virgin Galactic, Richard Branson's commercial space flight venture, has announced that it will run test flights of its rocket-powered spaceship by 2011. Will Whitehorn, the company's president, claimed that Virgin had secured funding for its "spaceline" operations and would be turning a profit in as little as two years after launching its first commercial flight.

$200,000 tickets on the spaceship have sold to over 300 eager space tourists, whose deposits have plunked a good $45 million in Virgin's coffers. Another $280 million from an Abu Dhabi-backed investment firm that purchased a 32 percent stake in the company differentiates Virgin Galactic from other commercial space ventures that are still scrounging for funding.

http://www.theatlantic.com/business/archive/2010/03/virgin-galactics-spaceship-readies-for-commercial-flights/36961/?rss=36961
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