Abu Dhabi-backed Virgin Galactic to launch space flight 'within weeks'

Abu Dhabi and Saudi's Public Investment Fund have supported the space programme headed by British entrepreneur Richard Branson
Abu Dhabi-backed Virgin Galactic to launch space flight 'within weeks'
Branson's Virgin Galactic is racing against Amazon creator Jeff Bezos' Blue Origin to launch the first out-of-this-world passenger flight and take paying passengers into space.
By AFP
Wed 10 Oct 2018 08:34 AM

British entrepreneur Richard Branson said he expects his Virgin Galactic company to conduct its first space flight "within weeks, not months" in comments broadcast Tuesday.

Speaking to CNBC in Singapore, the billionaire Virgin founder said the company was "more than tantalisingly close" to launching its first mission to space, and that he himself hoped to briefly leave Earth within "months not years."

"We will be in space with people not too long after that," he added.

Branson's Virgin Galactic is racing against Amazon creator Jeff Bezos' Blue Origin to launch the first out-of-this-world passenger flight and take paying passengers into space.

Both companies will offer customers a weightless experience that will last just minutes, passing through the imaginary line marking where space begins -- either the Karman line, at 100 kilometres (62 miles), or the 50-mile boundary recognised by the US Air Force.

At this altitude, the sky looks dark and the curvature of the Earth can be seen clearly.

The first space tourists, who visited the International Space Station (ISS) in the 2000s, paid tens of millions of dollars for the privilege.

Branson said the proposed $250,000 price tag of a Virgin Galactic ticket would allow those who dreamed of visiting space to lift off in larger numbers.

"If I have a room full of 10 people, eight out of 10 would love to go to space if they could afford it," he said.

"Ultimately," Branson said he hoped the price of a space flight would come down to around $40,000 or $50,000 over the next decade."

Abu Dhabi's Aabar Investments, now under Mubadala, acquired a 31.8% stake in Virgin Galactic in 2010. More recently, Saudi Arabia's Public Investment Fund signed a partnership last year with Virgin Group to invest approximately $1 billion into Virgin Galactic

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.