Launching Commercial Space Travel - Part 3
Will Whitehorn and Virgin Galactic Want to Bring You to Space
The '60s and '70s were space eras. NASA had launched the Apollo program (1963 - 1972), and with that, space exploration was alive. We had accomplished a significant and daring feat with the Apollo 11 moon landing. Stanley Kubrick's 2001: A Space Odyssey brought the story of space exploration to the big screen. The buzz of space was everywhere and ushered in a new wave of hope and excitement...something we had never before witnessed. People began to dream that, they too, could someday travel into space. But, as time progressed, the dream began to disappear. We saw a string of horrendous accidents - including the 1986 Challenger explosion. Scientists began to make the argument that robots (and not man) should travel to space. Slowly, our hope and promise for space exploration had morphed into a general malaise. I clearly remember the turn of the millennium as a time in which the dream of space seemed to be lost.
I first learned about X PRIZE in 1997 when Peter Diamandis called Sir Richard (Branson) and me. Now, incentive prizes as drivers of innovation had gone out of fashion since the Second World War. But after talking with Peter, I said to Sir Richard, "This is fascinating. We should seriously be looking at the technology of whoever wins." We debated whether or not it was possible for the prize to be won. In the end, we decided that because technology had changed so much and because prizes were such strong drivers of technological breakthroughs, that it was a possible achievement. The X PRIZE was trailblazing the incentive prize model; even from the word "go" it couldn't be dismissed.
In 2004-2005, we launched Virgin Galactic using the spaceship we licensed from Paul Allen. We anticipate that approximately 600 people will go to space in the first year that SpaceShipTwo begins space tours. That's essentially the total number of people who have ever gone to space. By our tenth year, we anticipate taking close to eight or nine-thousand people a year. With these numbers, the economies of scale and amortization of costs will dramatically drive down the price, just as it did in aviation, which first began as a luxury very few people could afford. And as we start to add on other businesses, including satellite launches, space science experiments and others, we'll attract venture capital to transform the industry.

Please tune in Fridays through October 2 to read the inspirational stories of the visionaries and heroes who turned my "crazy idea" into a reality. Next week you will read about Anousheh Ansari, the first woman to privately go to space, and her $10 million purse. We will conclude the series the following week with the exciting story of Brian Binnie and his prize winning flight of SpaceShipOne.
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