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Virgin Galactic Founder Richard Branson Aims To Beat Jeff Bezos Into Space

The inventory of house tourism firm Virgin Galactic (NYSE:SPCE) was up 27% to $55 U.S. per share in pre-market buying and selling Friday (July 2) after the corporate introduced that it’s going to launch its founder, Sir Richard Branson, into orbit on July 11.

Branson is aiming to beat fellow billionaire, Amazon (NASDAQ:AMZN) founder Jeff Bezos, into house. Bezos has mentioned that he plans to launch into house together with his firm, Blue Origin, on July 20.

The July 11 launch shall be Virgin Galactic’s fourth check spaceflight thus far and its first mission with a crew of 4 on board. The firm launched its most up-to-date spaceflight on May 22 with simply two pilots.

Alongside Branson shall be three Virgin Galactic mission specialists who will fly the corporate’s VSS Unity spacecraft. Virgin Galactic mentioned it should livestream the spaceflight for the primary time, a feed that shall be obtainable on Twitter, (NYSE:TWTR) YouTube and Facebook (NASDAQ:FB).

On June 25, the corporate introduced that the Federal Aviation Administration (FAA) granted it a license to fly passengers on future spaceflights, and Virgin is concentrating on early 2022 to start flying paying passengers into orbit.

Branson based Virgin Galactic in 2004 to construct an area tourism enterprise. The firm competes solely with Bezos’ Blue Origin within the realm of suborbital house tourism, as Elon Musk’s SpaceX carries passengers on longer journeys into orbit, similar to to the International Space Station.

In June, Bezos introduced that he would fly on Blue Origin’s first passenger flight of its New Shepard rocket. Bezos is scheduled to launch on July 20 and can fly alongside his brother in addition to the winner of a $28 million public public sale and legendary aerospace pioneer Wally Funk.

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