Billionaires in Space

As you are well aware in the past, competition between rich people was based on who owned the largest private craft and who owned the largest private jet. But now the billionaire battle is for space, albeit short, suborbital flights. Jeff Bezos, who is the richest man in the world, announced he would fly in his Blue Origin’s new shepard spacecraft. Then Richard Branson decided that he would take an hour-long jaunt on his Virgin Galactic VSS Unity space plane. He arrived, he floated in zero gravity and he conquered. And the Elon Musk, who is the founder of SpaceX, has bought a ticket on Branson’s rocket, to travel space.

 

While their space observation is interesting to expand our knowledge horizons beyond this planet, some critics say that it is a waste of money set aside for personal useless projects because there are so many problems to solve on earth and these are merely an attempt to elevate their dimension and surpass others. But they reject all the criticism statements of that kind of people and also they insisted nothing to do with ego or any kind of billionaire rivalry. However, this race has deepened the divide between those who love to see the very rich launch into space and those who wish they would never come back.

Every successful entrepreneur ignores traditional wisdom and their focus is almost always on the future. On the other hand, what could be more “future” than rocket science? As we all know, space travel costs a lot of money. And they can afford it. These three space musketeers bring a collective net worth of almost $400 billion to their out-of-this-world side hustles.

Richerd Branson is the one of American billionaire to pay special attention to space observation. He was the founder of the Virgin Galactic, which was an American spaceflight company. He hopes, space travel with Virgin Galactic and he wants to see people in space because everyone should get the chance to experience it. The goal is a company that will transport passengers to floating hotels or labs, or on supersonic transcontinental flights.

Blue Origin which is the space tourism company owned by Amazon founder Jeff Bezos, has announced plans to launch a commercial space station. “Blue Origin” is a reality of a personal desire, not only to go into space by himself, but he has built a successful business on the Internet, and now he is building a successful business in space.

Many people interested in the billionaire space race believe that Elon Musk may be the winner in the end. Elon is the Founder of Space Exploration Technologies Corporation which is an American aerospace manufacturer, space transportation services.  Elon started SpaceX from a very different place than Branson and Bezos and their respective aerospace companies. He had zero interest in space tourism. His interest was always more around deeper exploration of the solar system.

SpaceX started in 2002, when Musk was worth only $180 million is a successful commercial business with more than 100 rocket launches, astronauts sent to the International Space Station, and NASA and military contracts. By 2050, he’d like to create a colony on Mars

However, the billionaires are spending their wealth on space exploration which will benefit the world as a whole scope into technology, and the experience of space travel can lead to a different perspective that will benefit the earth. By building this kind of companies and helping to usher in, like, a new space age, they will be helping humanity generations from now. Moreover, with all of these, their goal is to encourage us to think of a world of equal benefit to men and women or any other ethnic group from anywhere in accessibility of all ages.

 

So imagine a world to infinity and beyond.

Article from: Financial and Managment Division

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