Richard Branson’s Virgin Galactic and Jeff Bezos’s Blue Origin: the new space race?

Branson has declared space open for business. Is that still a pie in the sky?

Richard Branson cheers with crew members after flying into space
Richard Branson cheers with crew members after flying into space
(Image credit: Patrick T. Fallon/AFP via Getty Images)

Virgin Galactic’s successful test flight last weekend enabled Richard Branson “to claim the crown of the first billionaire to make it into space”, said James Phillipps on Citywire – beating Amazon supremo Jeff Bezos’s Blue Origin venture by a matter of days. “The battle of egos” between the pair, and Elon Musk’s SpaceX, has created “a fresh wave of interest in the commercial opportunities beyond Earth”.

And the Branson coterie has been quick to capitalise on it. A new investment trust, Seraphim Space – chaired by former Virgin Galactic president Will Whitehorn – floated in London this week, providing “the first actively managed way” for the average investor to gain exposure to potentially “stellar” returns. Punters seemed very willing “to explore a new frontier”, said Naomi Ackerman in the London Evening Standard. Shares in Seraphim, which is backed by Airbus, climbed by 5.5% in early trading.

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