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I'm ambivalent about it. On the one hand competition is good and the general one-upmanship encourages progress, to a point.
However, imagine what could be achieved if the likes of Bezos, Branson and Musk put their collective heads and wealth together - I reckon they'd beat NASA to Mars, although that's ironic in itself.
The only things stopping that is ego and a commercially viable end product - no, sorry, the end product would be commercially viable but one maniacal billionaire wouldn't be able to lord it over the other maniacal billionaires in a pissing contest.
So to me it's school yard mentality for the über rich, only instead of bragging about which sweat-shop manufactured, mass-produced, over-priced footwear they have this week, it's who's the first to build their own rocket and sell tickets to space.
So, a bit like the results of the recent tribal, competitive event, it affects me not one bit.
There is no 'H' in Aych, you know that don't you? ~ Wife
Turns out there is an H in Haych! ~ Sporky
Bit of trading feedback here.
So the plebs pay for climate change, but billionaires can just do as they please. And sod the environment.
In contrast, if you actually want to get into orbit, take the space shuttle - at 280,000 feet during a space shuttle launch, it'd be going a hair over 4,000mph and still going up at a 45 degree angle, heading towards a low earth orbit of around 4x that altitude at 17,400 mph.
What's the point in just, almost, barely making it to space if you've not put the effort in to stay up there?
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Do we know how much money Branson has put into the world economy, indirectly or directly, through all the businesses he has set up? Hard to say. What has everything Virgin related done in terms of employment, economies, tax, jobs etc etc done? Answer - a lot.
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one of the things that comes out of this could be more efficient flight engines. That tech could end up in commercial planes.
Beautiful big breasted women in bikinis in space, count me in.
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Cool as all hell.
Branson isn't a player in the same way Musk and Bezos are.
As I understand it this union wouldn't happen because Musk and Bezos have fundamentally different ideas aboout how expansion into the solar system should take place. Musk wants to go to Mars (and the moon) to establish colonies whereas Bezos follows the Gerard O'Neill blueprint of building space habitats (perhaps even using the Moon and Mars as building materials). My heart wants to follow Musk - the idea of exploring a planet appeals to the child in me but Bezos (well O'Neill) probably has the more sensible idea.
Also most jobs in the service sector pay poverty wages now. Most U.K. households get tax credits to the tune of £11bn a year. So spare me the hooker with the heart of gold. It’s pure tax avoidance.
So you don't think any of Branson's companies have contributed anything to employment, industries, taxation, anywhere over the years? It's not just about his personal taxation (about which just what do we know anyway?).
I would say the same about anyone who runs a business (self included), but the scale of what Branson has achieved outstrips most people, by a long long shot.
I think Virgin Galactic is about just a little bit more than Branson filling in his tax return.
The geek/Petrol head/Engineer part of me thinks, this is cool.
At the same time, is that all? We went to the moon in the 60s, we have sent probes to Mars, we have probes sent out of our solar system made in the 70s. We had a space shuttle that could deploy the hubble telescope into high orbit. And here we have a space plane that does not even take you to orbit, for the amusement of a few rich people. Not exactly ground breaking. At least Musk is trying to take us to Mars.
The billions of dollars could have been better spent researching and building something beneficial to us all (green Energy/Saving the rain forests, etc).
Yes he has employed a bunch of Engineers, but there was no real breakthrew science in this endeavor.
As much as I dislike Bill Gates, at least he is trying to spend his billions wisely.
It's no longer the preserve of test pilots or astronauts that have to train for months or years.
As for future practical applications beyond the ultimate roller-coaster ride, who knows?
But at least it's proof of concept that "space" is commercialy viable and, at least in the view of the regulators, carries acceptable risk.
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You could literally build the infrastructure to save millions of lives with that money, and probably make money on top, but no, Richie Rich wants to go on holiday to space. Give me a break.
Pay your taxes you awful people and stop asking for bailouts.