Virgin Galactic's management expects hundreds of thousands of house vacationers will need to fly within the subsequent decade, extra demand than co
Virgin Galactic‘s management expects hundreds of thousands of house vacationers will need to fly within the subsequent decade, extra demand than could be fulfilled by each Richard Branson’s firm or Jeff Bezos’ Blue Origin, its closest competitor.
“In the end we predict that is going to be a capability constrained market – extra individuals are going to need to go to house than both of us can carry by way of service,” Virgin Galactic CEO George Whitesides informed CNBC’s Morgan Brennan on “Squawk on the Street.”
Virgin Galactic and Blue Origin signify the highest two house tourism firms within the trade, with rocket-powered automobiles that can ship passengers to the sting of house on zero gravity joyrides. The previous is within the lead to date, as Virgin Galactic flew its first check passenger in February, whereas Blue Origin doesn’t expect to launch people for the first time until next year on the earliest.
Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose collectively exterior of the New York Inventory Change (NYSE) forward of Virgin Galactic (SPCE) buying and selling in New York, U.S., October 28, 2019.
Brendan McDermid | Reuters
With Virgin Galactic now a publicly-traded company, Whitesides spoke on the New York Inventory Change alongside founder Sir Richard Branson with investor and chairman Chamath Palihapitiya. The trio touted…