The Competition For Space Among Billionaires

Who now has the upper hand in the fight for space?

The race to space has begun, and thus far, the billionaires are pulling ahead in this competition. These very wealthy people have established themselves as some of the most active explorers of space in human history, and they have no plans to slow down any time soon. As they go to probe uncharted territories with their multibillion-dollar businesses, they are showing no signs of slowing down in their quest for business glory.

Richard Branson (Virgin Galactic)

Since founding Virgin Galactic in 2004, when Richard Branson became actively engaged in the competition for space travel. When the company was first conceived, its primary objective was to transport paying clients into suborbital space and bring them safely back to Earth at a cost of $200,000 per seat. The first voyage took place in the month of December 2018.

In February of 2019, Branson revealed plans for two new businesses: Virgin Orbit and Virgin Hyperloop One. These are two new businesses that will help Branson profit from the expanding NewSpace sector.

Jeff Bezos (Blue Origin)

Jeff Bezos is the man behind the creation of Amazon.com, which is now one of the most successful online retailers in the world. He has an estimated net worth of 160 billion dollars and has received several honorary degrees from educational institutions located all over the globe.

In the year 2000, he established Blue Origin with an initial investment of one billion dollars from his own money with the intention of sending people into space.

Blue Origin successfully completed the first test flight of its New Shepard rocket since 2016 November 23rd, 2018, when it was launched into space for the first time. The rocket reached a height of 351,000 feet before returning to earth safely (107 miles or 168 kilometers).

“Larry Page” (Planetary Resources Investor)

One of the most important figures in the history of technology, Larry Page is now serving as the CEO and co-founder of Alphabet. In addition to that, he is a millionaire who has an interest in the exploration of space. In 2013, he made an investment of ten million dollars in both the business Planetary Resources, which extracts minerals from asteroids and Virgin Galactic (a company that plans to take tourists into space).

Elon Musk (SpaceX)

Elon Musk is the creator of SpaceX, a firm that focuses on space exploration. SpaceX is responsible for the launch of many rockets into orbit and has ambitions to populate Mars.

Musk earned his first fortune when he sold his software business Zip2 for a total of $307 million in cash and shares. He then used this money to build an online bank called X.com, which was eventually combined with Confinity and became PayPal. Musk’s second fortune was made when he founded Tesla Motors.

After selling PayPal, Musk focused his attention on other businesses such as Tesla Motors and SpaceX. Tesla Motors is a maker of electric vehicles. SpaceX is a space transportation company (a private aerospace manufacturer). It is believed that Elon Musk has a net worth of 20 billion dollars at this time.

The practice of going on vacations in space is becoming more prevalent.

The practice of going on vacations in space is gaining popularity. The space travel company Virgin Galactic, which was established by Richard Branson, has already completed its maiden mission to space with great success and aims to do it again very soon.

Elon Musk’s SpaceX is leading the way with reusable rockets, which will make it possible to reuse parts of a rocket after each launch instead of throwing them away after each mission. Amazon’s Jeff Bezos and Alphabet’s Larry Page are also planning their own space programs, while Elon Musk’s SpaceX is leading the way with reusable rockets.

A new passenger spacecraft, which will be dubbed SpaceShipTwo VSS Unity, will be launched from Spaceport America in New Mexico at some point during this year, according to a recent announcement made by Virgin Galactic, which is owned and operated by Richard Branson.

Conclusion

It would seem that billionaires will keep investing in space tourism, and it is quite possible that other investors will join them in this endeavor. The only issue that remains is: who will act as the follow-up?

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