Virgin Galactic

British entrepreneur Richard Branson has announced his company “Virgin” has signed a deal to offer the world’s first commercial flights to space under the branding “Virgin Galactic.”

Branson, head of the Virgin Atlantic airline, said Monday that passengers in groups of five could be sent into orbit by 2008 at around $200,000 a trip.

Branson said the money raised in the early part of the business would be ploughed back to bring the cost of seats in space down.

Branson’s licensing deal is with Mojave Aerospace Ventures (MAV), owned by U.S. entrepreneur Paul Allen (Microsoft co-founder). Allen funded the SpaceShipOne project, designed by Rutan and built by Rutan’s company Scaled Composites.

[More: CNN]

Now, if that’s not cool, I don’t know what is.

I hope the prices go down quickly so that I maybe get to travel on board one of these flights. That would be so out of this world! (literally :P).

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