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Front Cover - TVI-62 December, 2004 / Richard Branson

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ABOUT THE PERSON OF THE WEEK / TVI-62
Richard Branson
Richard Branson Biography
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Feature Story - The Billionaire Rebel and Space
-----"Images" is again our theme for the month of December.
Branson prepares to launch his Television Show and Virgin into space - 2004
Sir Richard Branson hopes to send 3,000 astronauts to space in five years
----- He revealed his outer space business venture during a press gathering at the Royal Aeronautical Society in Central London this morning. The licensing deal with Mojave Aerospace Ventures (MAV), which owns the technology, could be worth millions over the next 15 years depending on the number of spaceships built by Virgin. MORE

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About The Person Of The Week / TVI61
Richard Branson
Founder of Virgin Records / Auto Biography
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/Feature Story

Branson prepares to launch Virgin into space - 2004

Sir Richard Branson has announced a deal, potentially worth £14 million,
to secure the world's first commercial flights to space.
----- Sir Richard Branson hopes to send 3,000 astronauts to space in five years
----- He revealed his outer space business venture during a press gathering at the Royal Aeronautical Society in Central London this morning.
----- The licensing deal with Mojave Aerospace Ventures (MAV), which owns the technology, could be worth millions over the next 15 years depending on the number of spaceships built by Virgin.
----- Prices for each seat are expected to start at £115,000 with three days' flight training. Up to 3,000 astronauts could be flying in space over a five-year period.
----- Sir Richard said: "We hope to create thousands of astronauts over the next few years and bring alive their dream of seeing the majestic beauty of our planet from above, the stars in all their glory and the amazing sensation of weightlessness.
----- "The development will also allow every country in the world to have their own astronauts rather than the privileged few."
----- He was flanked by aviation legend Burt Rutan, who developed the spaceship design. His company, Scaled Composites, have built one and it reached a height of 62 miles in June.
----- In a separate agreement, MAV is close to finalising a deal with Burt Rutan to use the technology to build spaceships to carry paying passengers on return journeys to the stars for two hours.

 

////

Branson reaches for the stars - By: Jane Perrone
Sir Richard Branson aims to bring space travel within
the reach of ordinary people by pioneering space flights at affordable prices.
----- The thrill-seeking entrepreneur told Guardian Unlimited that Virgin was investing money in "trying to make sure that, in the not too distant future, people from around the world will be able to go into space". He said he hoped to be a passenger on one of the first tourist space flights into space.
----- Sir Richard refused to be drawn on details of the project, but said the public should expect an announcement revealing Virgin's latest enterprise at some time in the next two or three weeks.
----- "All will be revealed over the next two or three weeks - but, in a general sense, space is the ultimate frontier, and something we at Virgin have dearly wanted to do is to bring space tourism one day to the masses," he said.
----- Space expert Greg Klerkx, author of the book Lost in Space: The Fall of Nasa and the Dream of a New Space Age, said that, for some time, there had been rumours Sir Richard was very interested in space flight.
----- "He has had some conversations with [space tourism firm] Space Adventures about being a space tourist himself," Mr Klerkx told Guardian Unlimited.
----- Virgin has long been involved in promoting the adventurous exploits of its chairman and his fellow adventurer Steve Fossett, including the successful Global Challenger mission to fly a balloon non-stop around the world.
----- Sir Richard's forthcoming announcement could be related to plans for a June 21 test flight of SpaceShipOne, a rocket-propelled reusable space vehicle created by aerospace designer Burt Rutan, of California firm Scaled Composites.
----- Mr Rutan is already working with Sir Richard on Global Flyer, a bid to make the first solo circumnavigation of the world in a specially-designed, ultra-lightweight jet plane. Sir Richard is acting as reserve pilot.

SpaceShipOne is part of Tier One, Scaled Composites' project to pioneer private manned space flight.
----- The ship will be released from a carrier craft at a height of 15,000 metres, and will fire its rockets to climb to a height of 100km before falling back into the atmosphere and gliding to Earth. Mr Klerkx said he was not surprised at talk of a link between Virgin and Scaled Composites' sub-orbital spaceflight plans, currently being bankrolled by billionaire Microsoft co-founder Paul Allen's investment firm, Vulcan Ventures.
----- "Tier One's first flight is causing a big buzz in the alternative space community, because there has been talk for some time about a cheap but cheerful craft that could go into space. Paul Allen tends not to invest in too many silly things," he said.
----- Sir Richard would not say whether Virgin's plans involved Scaled Composites' project. "I won't go any further at the moment - but I'd love to talk to you about it in a couple of weeks' time," he said.
----- On the Tier One website, Mr Rutan said: "Our goal is to demonstrate that non-government manned space flight operations are not only feasible, but can be done at very low costs."
----- The race to create the first viable space tourism programme has been hotting up since the 1996 announcement of the X Prize, a $10m (£5m) award for the first team managing to privately finance, build and launch a spaceship that can carry three people 100 kilometres above Earth, bring them back safely, and repeat the exercise within two weeks.
----- Twenty-four teams from seven countries, including three UK-based firms, have registered for the challenge, as well as Scaled Composites' Tier One project.
----- In 2002, US consulting firm Futron calculated the market for commercial space travel could be worth more than $1bn a year by 2021.
----- Space Adventures has already created two non-professional astronauts. US businessman Dennis Tito became the first space tourist in 2001, and was followed by South African millionaire Mark Shuttleworth a year later. Both paid a reported fee of around $20m for the privilege.
----- Another US businessman, Greg Olsen, is due to join this super-rich band of space tourists next year, and Space Adventures hopes to begin ticketed journeys for sub-orbital spaceflights in 2005 or 2006.
----- "With sub-orbital [spaceflight] you get into space - you can see black above and you get a bit of weightlessness but you don't have the same challenges of fuel and re-entry as you do with orbital," Mr Klerkx said.
----- He estimates that, if enough people can be persuaded to buy tickets for sub-orbital flights, the cost of tickets could drop to around $10,000 - "the cost of a cruise or some extreme adventures such as climbing Mount Everest. There are big markets for that kind of stuff".
----- However, not everyone is convinced that space tourism can become a fully-fledged part of the travel industry.
----- Andrew Nahum, the senior curator of aeronautics at the Science Museum and visiting professor in vehicle design at the Royal College of Art, said he doubted it would ever become a profitable enterprise.
----- "You have got to put it in proportion - what you are doing is something more ambitious than Concorde. Even that was too expensive and never made a buck."
----- The discomforts of space travel - which could include dealing with zero gravity, vacuum toilets and space sickness - could also put the average well-heeled traveller off the idea, particularly if a large price tag was attached, he said.
----- "It's not a volume market ... tourism is the wrong word - it would be more like an extreme sport."

///

Center Page / Biography

Born in 1950, Richard Branson grew up in a traditional family
and received his education at Stowe School, where he established a national magazine entitled Student at the age of sixteen.
----- He started a Student Advisory Centre at 17, aiming to help young people. In 1970 he founded Virgin as a mail order record retailer, at twenty years old. In 1972, a recording studio was built in Oxfordshire where the first Virgin artist, Mike Oldfield, recorded "Tubular Bells", later released in 1973.
----- The first album of Virgin Records went on to sell more than five million copies. At the age of 27, Richard signed The Sex Pistols to the Virgin Records label after the group was turned down by every label in Great Britain.
----- This album went on to sell over 5 million copies! Since then many household names, including Belinda Carlisle, Genesis, Phil Collins, Janet Jackson and The Rolling Stones have helped to make Virgin Music one of the top six record companies in the world. The equity of Virgin Music Group - record labels, music publishing, and recording studios was sold to THORN EMI in 1992 in a US$1billion deal.
----- The Virgin Group has now expanded into international music Megastores, air travel, mobile, financial, retail, music, internet, drinks, rail, hotels and leisure, with around 200 companies in over 30 countries. Yes, we've been busy!

----- Over the years, he signed many superstar names including Steve Winwood, Paula Abdul, Belinda Carlisle, Genesis, Phil Collins, Peter Gabriel, Simple Minds, The Human League, Bryan Ferry, Culture Club, Janet Jackson, and The Rolling Stones. As is evident, Branson managed to turn the Virgin Music Group into a giant success.
----- In 1992, the Virgin Music Group -- record labels, music publishing and recording studios -- was sold to Thorn EMI in a $1 billion US deal.
----- The interests of Virgin Group have since expanded into international "Megastore" music retailing, books and software publishing, film and video editing facilities, and clubs and hotels throughout 100 companies in 15 countries.
----- Virgin Atlantic Airways, formed in 1984, is now the second largest British long haul international airline and operates a fleet of Boeing 747 and Airbus A340 aircraft to New York, Miami, Boston, Los Angeles, Orlando, San Francisco, Hong Kong, Johannesburg, Tokyo, Las Vegas, Delhi, Lagos, Port Harcourt, Shanghai and the Caribbean. The airline is based on the concept of offering a competitive and high quality Upper Class, Premium Economy and Economy service. The airline has won many major awards, including Airline of the Year Award several times.
----- The airline was founded on the concept of offering competitive and high quality first class and economy services. The airline holds many major airline awards and recently earned "Airline of the Year Award" for the third consecutive year.
----- In 1993, the combined sales of Virgin Group Companies exceeded $1 billion US. In addition to his own business activities, Branson is a trustee of several charities, including The Healthcare Foundation, a leading healthcare charity responsible for the launch of a health education campaign named Parents Against Tobacco, aiming to limit tobacco advertisements and sponsorships in sports.
----- Since 1985, Richard has actively engaged in his vocations and been involved in a number of record-breaking land and air speed and distance attempts.
----- In 1986, his boat, "Virgin Atlantic Challenger II," rekindled the spirit of the Blue Riband by crossing the Atlantic Ocean in the fastest recorded time ever.
----- One year later, the hot air balloon called the "Virgin Atlantic Flyer" was the first hot air balloon ever to cross the Atlantic Ocean, and was the largest ever flown at 2.3 million cubic feet capacity, reaching speeds in excess of 130 mph.
----- In 1991, Branson crossed the Pacific Ocean from Japan to Arctic Canada, the furthest distance of 6,700 miles, again breaking all existing records with speeds of up to 245 mph in a balloon measuring 2.6 million cubic feet. Richard found himself in Marrakesh North Africa in 1997.
----- During the same year, Virgin took over Britain's two most run-down rail franchises, CrossCountry and the West Coast Main Line. Virgin is currently engaged in a £2billion fleet replacement programme.
----- And to keep his adrenaline levels high, Richard has been involved in a number of world record-breaking attempts since 1985. In 1986 his boat, "Virgin Atlantic Challenger II" rekindled the spirit of the Blue Riband by crossing the Atlantic Ocean in the fastest ever recorded time. This was followed a year later by the epic hot air balloon crossing of the same ocean in "Virgin Atlantic Flyer". This was not only the first hot-air balloon to cross the Atlantic, but was the largest ever flown at 2.3 million cubic feet capacity, reaching speeds in excess of 130 miles per hour (209 k/ph).
----- Still after the ultimate adventure, in January 1991 Richard crossed the Pacific Ocean from Japan to Arctic Canada, the furthest distance of 6,700 miles. Again, he broke all existing records, with speeds of up to 245 miles -per hour in a balloon of 2.6 million cubic feet.
----- Between 1995 and 1998 Richard Branson, Per Lindstrand and Steve Fossett (who joined the team after the tragic death of Alex Ritchie), made a number of attempts to circumnavigate the globe by balloon. In late 1998 they made a record-breaking flight from Morocco to Hawaii but their dream of a global flight was shattered by bad weather, and then a Swiss team successfully circumnavigated the globe in early 1999.
----- In December 1999, Richard Branson was awarded a knighthood in the Queen's Millennium New Year's Honours List for "services to entrepreneurship". Well done, Sir!

////

His Charitable Work
----- In 2002, the combined sales of the different Virgin holding companies exceeded £4billion. In addition to his own business activities, Richard is a trustee of several charities including the Virgin Healthcare Foundation, a leading healthcare charity which was responsible for the launch of a health education campaign relating to AIDS in 1987.
----- The Foundation has also become involved in a lobbying campaign called Parents Against Tobacco, which aims to restrict tobacco advertising and sponsorship in sport. His help in the initial funding of charity projects helped that organisation to raise over £100 million, through campaigns such as Comic Relief and many other charities. For more information on the Virgin Group and charity, please click here to visit our charity section.

More About The Virgin Community//

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TVI Magazine, tviNews.net, Associated Press, Reuters, BBC, LA Times, NY Times, VRA's D-Diaries, Press Releases, They Said It Tracking Model, and SmartSearch were used in compiling and ascertaining this Yes90 news report.
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