Richard Branson's commercial
spaceflight venture moved into the Southern California city to build a craft that will rocket satellites, not people, into space.
Although the price tag is a whopping $ 1.4 billion for a two - person flight, the first mission is expected to cost the company up to $ 8 billion, in part because it will need to purchase rockets and a crew capsule from other private
spaceflight ventures.
Not exact matches
Like Musk's SpaceX, Boeing is focused on building out the commercial space sector near earth as
spaceflight becomes more routine, while developing technology to
venture far beyond the moon.
It may also provide ambitious
ventures like SpaceX the opportunity to progress towards longer - term
spaceflight goals ---- such as reaching Mars.
This announcement comes on the heels of
Spaceflight Industries» recent $ 150 million funding and the development of LeoStella LLC, a joint
venture between
Spaceflight Industries and Thales Alenia Space.