Monday, May 15, 2006

The Economist: Rocket renaissance

From The Economist
First, the money. So far, more than $1 billion is known to have been committed to building private spaceships and the infrastructure to support them. For example, Mr Rutan's follow-up vehicle, SpaceShipTwo, is expected to cost its backers, Virgin Galactic, $240m for a fleet of five. The spaceport in New Mexico from which these are intended to fly will account for another $225m, although New Mexico's government is planning to raise this money itself.

These are not small sums, of course. On the other hand, Virgin Galactic has already banked $14m of deposits towards the $200,000 fare from people who want to travel on SpaceShipTwo, even though it has yet to be built, let alone flown.

All this suggests that spaceflight, if not exactly entering the age of the common man, is at least entering the age of the moderately prosperous enthusiast.

Of course we'll know when space access has truly arrived when it moves from the Science and Technology section to Business.
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