Thursday, August 13, 2020

Space tourism

Businesses and whole national economies were hit hard over the last six months of the pandemic. Airlines and travel industries suffered huge loss. They're struggling to stay solvent.

Sir Richard Branson's business empire of travel/hotels/cruises looks to be in deep trouble. Airlines Virgin Atlantic and Virgin Australia have filed for bankruptcy. Up until 2020, these industries were mainline. No one saw the disaster of 2020 coming.

But surprisingly the part of his empire that may survive all this is the outlier parts, the risky-looking parts. And that would be Virgin Galactic and Virgin Hyperloop

"Space tourism" is what Virgin Galactic does (or wants to do) and it's had some success. The company has sold 600 reservations for a future ride into space . . at the retail price of $250,000 per ticket.


from Observer

No comments:

Post a Comment