Billionaire Richard Branson Puts His Money Where Elon Musk’s Mouth Is

richard branson, virgin galactic, elon musk, spacex

Elon Musk loves to talk about interplanetary space flight, but Virgin Galactic's Richard Branson plans to put his money where his mouth is. | Source: Shutterstock (i), Reuters/Brendan McDermid (ii). Image Edited by

SpaceX founder Elon Musk loves to talk about going to space. Fellow starstruck billionaire Sir Richard Branson plans to actually travel there. Next month.

He’ll ride aboard one of his own Virgin Galactic rocket ships. The Daily Beast reports Branson’s virgin space flight will coincide with the 50th anniversary of the Apollo 11 Moon landing. American astronauts Neil Armstrong and Buzz Aldrin landed the Apollo Lunar Module Eagle on July 20, 1969.

It’s been an arduous journey for Virgin Galactic. Branson’s venture into for-profit space flight has taken its time to get here. The ambitious British business magnate announced long ago that Virgin would take passengers to space in 2009. When the company missed that deadline, it led many to believe his lofty goals were overhyped.

Richard Branson Will Beat Fellow Billionaire Elon Musk Into Space

After a decade of setbacks and false starts – including most famously the tragic October 2014 crash of the VSS Enterprise, which led to the death of American pilot Michael Alsbury – Virgin has finally achieved what many thought was inconceivable.

Six months ago, on December 13th, Virgin Galactic achieved space flight for the first time. Its latest iteration of SpaceShipTwo, named Unity, marked this important milestone.

The Playboy Space Race: Virgin Galactic Vs. SpaceX

spacex launch, elon musk
SpaceX has frequently upstaged Virgin Galactic, but Richard Branson plans to get the last laugh at Elon Musk’s expense. | Source: REUTERS/Thom Baur

Virgin Galactic has been outdone over the years by Tesla CEO Elon Musk’s SpaceX. Musk’s space ambitions have led to marvelous engineering feats like vertical rocket landings.

These are no mere spectacles. SpaceX’s achievements have drastically reduced the costs of space travel over NASA’s cost prohibitive space shuttle program.

While Musk’s space venture is planning to rake in consumer cash with Internet satellites and parlay the money into a manned mission to Mars by 2024, Richard Branson’s game is to provide wealthy customers the opportunity to have some fun with a short, but life-changing, visit to space.

But Elon Musk is doing that too – only he hasn’t announced plans to personally take a trip to space himself any time soon. That will give Richard Branson some bragging rights in their friendly playboy space race rivalry.

Last September, SpaceX announced it had sold its first private space flight passenger ticket, for a Big Falcon Rocket flight around the Moon in 2023.

When asked on Twitter if he would be SpaceX’s first commercial space flight passenger, Elon Musk demurred by tweeting an emoji of a Japanese flag.

Seems another billionaire will be taking the historic flight instead.

Last modified: September 23, 2020 12:48 PM
Markets Contributor for CCN living in Nashville, Tennessee. Bachelor of Business Administration from Belmont University in 2009 (majored in Entrepreneurship). Organized Senator Rand Paul's first and second online fundraisers in 2009. Roving editor for the Independent Voter Network since 2013. Email me | Link up with me on LinkedIn | Follow Me on Twitter (followed by: fmr Rep. Ron Paul (R-TX), Sen. Rand Paul (R-KY), fmr NM Gov. Gary Johnson, and Rep. Thomas Massie (R-KY))
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