Richard Branson's Virgin Galactic Cleared for Takeoff as Space Tourism Race Heats Up

Branson, Jeff Bezos, and Elon Musk have been investing billions of dollars on their rocket startups.

By Reuters | Updated: 25 June 2021 17:59 IST

Richard Branson's Virgin Galactic Cleared for Takeoff as Space Tourism Race Heats Up

The winged rocket ships are designed to carry paying tourists to the lower fringes of space

Highlights

The approval from the FAA comes at a critical time for Branson
Virgin Galactic faces off against Blue Origin and SpaceX
Jeff and Mark Bezos are flying to space on July 20

Billionaire Richard Branson's spaceship company Virgin Galactic said on Friday it received approval from the US aviation safety regulator to fly people to space, turning up the pressure on rivals in the nascent and expensive space tourism sector.

The approval from the Federal Aviation Administration (FAA) comes at a critical time for Branson as his space venture faces off against Amazon founder Jeff Bezos' Blue Origin and Tesla boss Elon Musk's SpaceX.

Branson, Bezos, and Musk have been investing billions of dollars on their rocket startups.

Will Richard Branson Beat Jeff Bezos in 'Space Billionaires' Race to Space?

Branson, who is reportedly flying to space himself in a bid to beat rival billionaire Bezos to the final frontier, received the green light just a month after a successful test flight.

Virgin Galactic last month completed its first manned space flight from its new home port in New Mexico in May, as its SpaceShipTwo craft with a capacity of six passengers glided to a landing on a runway safely with its two pilots.

"Today's approval by the FAA ... gives us confidence as we proceed toward our first fully crewed test flight this summer," Virgin Galactic Chief Executive Officer Michael Colglazier said in a statement.

Richard Branson’s Virgin Galactic Plans New Test Flight for SpaceShipTwo Craft

© Thomson Reuters 2021

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