Sir Richard Branson may be trying to be the first in the billionaires race, but he believes the market has plenty of opportunities for businesses like. offers Virgo galactic, Jeff Bezos’ Blue origin, or Elon Musks SpaceX.
“There’s room for 20 space companies to get people there,” Branson said in an interview this week. “The more spaceships we can build, the more we can bring the price down and the more we can meet demand, and that will happen in the years to come.”
Virgin Galactic is in charge of predicted that “around 2 million people can experience” Space flights priced between $ 250,000 and $ 500,000.
The companies are Branson, Bezos and Musk every flying spaceship that can carry passengers, but in different ways. Blue Origin and Virgin Galactic are competing to take passengers to the edge of space on short flights – a sector known as suborbital tourism – while SpaceX drops private passengers on additional, multi-day flights – what is known as orbital tourism.
A SpaceX orbital flight costs tens of millions of dollars compared to Virgin Galactic’s hundreds of thousands of dollars.
As Blue Origin’s New Shepard rocket launches vertically from the ground, Virgin Galactic’s SpaceShipTwo system is deployed in the air and returns to Earth like an airplane for a runway landing.
SpaceX launches its Crew Dragon spacecraft to orbit on its reusable Falcon 9 rocket has so far sent 10 astronauts on three missions to the International Space Station. In addition to the government flights, Musk’s company plans to launch several private astronaut missions in the coming year – starting with the purely civil Inspiration4 mission that’s planned for September. SpaceX is also launching at least four private missions for Axiom Space, from the beginning of next year.
“There’s never been a time as exciting as now in space … it’s a moment when I pinch myself,” said Branson.
Astra VP of Manufacturing Bryson Gentile (left) and CEO Chris Kemp remove a protective cover from a missile fairing half.
Michael Sheetz | CNBC
Virgin Galactic was the first youngest generation space company to go public in 2019 through a SPAC or special acquisition company. This has developed into a trend over the past year, with a number of companies announcing upcoming deals and closing them public.
Rocket builder Astra and satellite broadband focused AST & Science each started trading with companies Missile laboratory, Spire Global, Black sky, and Momentum expected to follow in the coming months.
When asked if the space market could grow too fast, Branson rejected the idea.
“I don’t think there’s overheating,” said Branson. “I think the space world is just beginning.”