Connect with us

Hi, what are you looking for?

Economy

Bezos, Branson and Musk: Who is winning the space tourism race?

Three billionaire entrepreneurs  Jeff Bezos, Elon Musk, and Richard Branson  are each vying to usher in a new era of private commercial space travel. 

Here is how their rival ventures compare in the race to open up space travel. 

TICKETS 

Messrs. Bezos, Branson, and Musk have been investing billions of dollars in their space startups, each promising to ferry paying customers on rides to space  and it will cost a pretty penny to be part of it. 

Mr. Branson’s Virgin Galactic is reported to have more than 600 ticket reservations already, priced around $250,000. It expects to begin a full commercial service in 2022 and eventually hopes to slash the ticket price to around $40,000. 

Reuters reported in 2018 that Mr. Bezos’ Blue Origin was planning to charge passengers at least $200,000 for the ride, based on an appraisal of Mr. Branson’s rival plans and other considerations, though its thinking may have changed. Blue has not divulged its long-term pricing plans. 

An as-yet unidentified person secured one of the seats on Blue’s first suborbital mission, slated for July 20, with a $28 million auction bid. 

Mr. Musk’s SpaceX has already taken a crew to the International Space Station, and the company has plans to send an all-civilian crew into orbit in September. Mr. Musk has also said SpaceX will fly Japanese billionaire Yusaku Maezawa around the moon with its forthcoming Starship rocket in 2023. 

DESIGN 

Virgin Galactic’s reusable SpaceShipTwo system will see its VSS Unity spaceplane lifted to altitude by a large carrier aircraft called VMS Eve before separating. 

Blue Origin’s New Shepard rocket-and-capsule combo shoots into suborbital space before separating. The rocket section returns to the launchpad, with the pressurized capsule falls back to earth under parachutes. It features six observation windows  the largest ever used in space. 

The SpaceX Dragon capsule sits atop a reusable Falcon rocket which it uses to reach space. 

CREW AND PASSENGERS 

Virgin Galactic’s spaceplane can hold six passengers: two crew and four passengers. 

Blue Origin’s craft can take six passengers and flies autonomously. 

The SpaceX Dragon capsule is capable of carrying up to seven people. 

ITINERARY 

Virgin Galactic boasts a flight time of around 90 minutes from take-off to landing, including several minutes of weightlessness. 

Blue Origin’s capsule suborbital flight is around 10 minutes after separation. Again, those on board experience a few minutes of weightlessness and see the curvature of the planet before returning to Earth. 

The SpaceX missions are expected to last three to four days from launch to splashdown. 

FUNDING 

Typical of Mr. Branson’s ventures, Virgin Galactic is publicly funded. Its shares peaked at almost $60 following FAA approval in June 2021. 

Blue Origin is privately owned, with Amazon.com Inc. founder Jeff Bezos previously indicating he would sell around $1 billion in Amazon stock annually to fund the venture. 

SpaceX is also privately owned and has raised billions of dollars in successive funding rounds. Key investors include Alphabet and Fidelity. Mr. Musk says fees charged for SpaceX’s charter flights will go toward missions to the moon and eventually Mars. 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Thailand’s Phuket will ban travel from the rest of the country from Aug. 3 to 16 to try to stop a surge in coronavirus...

Investing

More than 5 million people had a parcel lost or stolen last year, according to Citizens Advice, which has called on the government to...

Investing

The number of people on furlough fell below two million towards the end of June as the economic recovery gathered pace, official figures show....

Investing

Amazon signalled last night that its breakneck growth will slow over the coming months as people emerge from pandemic restrictions. Net sales at the...

Investing

Speculation that the chancellor will delay his budget until next year is mounting after he instructed the spending watchdog to publish new forecasts without...

Investing

A further 30 black students starting at Cambridge University will have their tuition and living costs covered thanks to a scholarship scheme started by...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!