Virgin Galactic is taking deposits for their flights later this decade. Rand Simberg observes...
"I got a solicitation call from Virgin Galactic ... They say they are about half way through their group of "Founders". The first 100 seats paying full price of $200,000. They are keeping two other queues. "Pioneers" are people who pay $100,000 and get to be one of the first 1,000 people in space on the whole planet. They project that will be 300-400 people depending on how many people their competitors and NASA put up into space in the mean time. Then they will start taking people who put down $20,000. All of these deposits are "refundable".
In any case, that is about $10 million in the bank from the Founders. They did say that they are using the money to develop the product. I will seek further clarification from Virgin Galactic on whether that is just the interest and the money is in escrow or what. ... I will aim to post terms and conditions when I receive them.
You get a seat number in your queue if you put up the money. Could someone with $320,000 please put that up so I can get an exact count on the number of seats with deposits in each queue? They project 500 riders in their first year. That's $100 million dollars. Pretty good revenue on a $100 million investment. That also means that the non-Founders and Pioneers will start flying no later than year 2.
-p (thinking about the $20K option)
Space Virgins
