Space Tourism – Coming Soon to Earth
September 13, 2021 (Investorideas.com Newswire) Billionaires Richard Branson and Jeff Bezos are making outer space a realistic travel destination for people on Earth. What was once thought of as a pipe dream for some is now a reality for the world's wealthiest. The only problem is, those wanting to go on a journey to space will need to have a solid bank balance, with trips costing at least six figures and affordable space travel still a long way off, so many space enthusiasts will have to sit tight for a while. However, it's believed that when the demand for space travel increases, costs will drop, as trips can be split between a large number of people. So, how far are Branson and Bezos with their space travel plans, and what does this mean for Virgin share prices going forward?
Richard Branson's iconic Virgin enterprise has largely been built around the entrepreneur's love of adventure. After purchasing SpaceShipOne, Branson formed Virgin Galactic with the aim of building a spaceship that could carry six passengers into space. Branson initially believed that he could begin commercial flights by 2007, but this was not to be, as a development flight ended in a fatal crash in 2014. Branson has noted that this venture has been one of the most challenging things he's ever done, but recently made huge strides towards achieving his vision. Virgin Galactic made its first test flight with Richard Branson on board, as well as two pilots and three other passengers in early July. The 70 year old billionaire jetted off into the earth's orbit, firing the starting gun for the race towards space travel for everyone. "I have wanted to do this since I was a child," Branson said about his suborbital trip, "But honestly, nothing could prepare you for the view of Earth from space." The flight jetted off to an altitude of just above 80km, giving its passengers three minutes of weightlessness and spectacular views of Earth, before heading back down to the Virgin launch site in New Mexico. Virgin Galactic is expected to begin offering commercial flights into space as soon as 2022 for about $250,000 each. About 600 tickets to space have already been bought, with celebrities like Lady Gaga and Tom Hanks getting in on the space action. Elon Musk has also purchased a ticket on the next Virgin Galactic flight, showing his support for Branson's efforts. For those keeping tabs on Virgin share prices, keep your eyes peeled for the latest developments.
Jeff Bezos entered the realm of space travel in the early 2000s when he established Blue Origin in 2004. The company's New Shepard rocket was the first to successfully fly to the edge of the earth in 2015 and Bezos aims to be the next person in space, along with his brother, on this very ship. This ride also will include a mystery bidder whose identity is still a secret at the time of writing. Blue Origin auctioned off a seat to this mystery bidder last month in aid of the Club for the Future charity. The trip was scheduled to take place on July 20th specifically, as it's the 52nd anniversary of the Apollo 11 moon landing. The company is also working on a new rocket, New Glenn, which is set to be released next year, and will compete with SpaceX's Falcon 9. Bezos' out-of-this-world dreams don't end there, as he has also set his sights on building an infrastructure in space and assisting NASA with a return to the moon, although he faces some stiff competition as Elon Musk has set his sights on the very same destination with his company SpaceX.
Space tourism and the markets
Even though these are still early days, what will space tourism do for Virgin share prices as the interest grows? For those stock trading with regulated brokers as CFDs, it could be an interesting few years ahead. CFDs or Contracts For Difference, allow traders to open deals on both the upwards and downwards price movements of share prices without having to purchase the underlying instrument. But before stock trading with regulated broker platforms in the form of CFDs, it's important to check the social page of regulated broker platforms to find out more about the broker first. The social page of regulated brokers can help you gain market insight and a broader picture of the financial world, thus helping you make more informed trading decisions.
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