Richard Branson and his Virgin company have announced a deal with Burt Rutan creator of SpaceShipOne to lauch a commercial space flight service.
The new service, Virgin Galactic, aims to fly 3,000 people into space in the next 5 years.
Virgin Galactic will operate a fleet of 5 space ships based upon Rutan’s SpaceShipOne, which is expected to win the X-Prize for the first privately funded flights into space.
Virgin is investing up to $100 million into the venture and they expect flights to start in 2007. The price of a ticket: about $200,000 (including 3 days training).