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http://www.profindpages.com/news/2004/09/27/MN402.htm

Branson wants to have Virgin in Space by 2007
(27.09.2004)

Sir Richard Branson has announced that the Virgin Group have set up a special company to offer commercial space flights by the year 2007.

The investment costs for this new project are expected to reach around $100 million. However, with the interest in Space flight increasing, there should be no shortage of customers willing to pay an expected $200,000 for a trip.

Each flight is expected to take around 5 passengers and the journey will last from 2-3 hours.

Initially, the flights offered by “Virgin Galactic” will only be provided from the United States and Branson predicts that 3000 people will buy tickets for the flights over the first 5 years. The cost of the flight will also include a few days of flight training.

With the investment costs not especially high and the cost of a trip well within the price range of many successful business people, the venture looks as if it will be a profitable one. No doubt, as the service is developed, the cost will fall and make this experience available to a much wider market.

For those who perhaps thought that Space travel would never be possible in their lifetime, unless they were one of the elite few, it seems that they have a real chance to make their dreams come true.

Once again, Branson and the Virgin Group will be boldly going where no commercial company has gone before. May the force be with them!