Richard Branson beats Jeff Bezos in billionaire space race.

July 14, 2021 reputationpoll

The space race used to be between superpowers, but now it’s between the super-rich and everyone else. Last month, Jeff Bezos announced that soon after leaving behind the role of CEO of Amazon, he’d be leaving Earth, too

Bezos is taking a seat on his own space shuttle, New Shepard, on July 20. He has certainly earned it, in the sense that he has paid for it by starting the aerospace company, Blue Origin, that will bring him into outer space. Though he’s set to achieve his boyhood dream, he won’t be the first billionaire who has funded his own launch of a few fleeting moments in space.

Bezos’ boast was a siren song to fellow billionaires, and soon after going public with his plan in June, Richard Branson stepped in to say that more than a week before Bezos, he would be boarding his own Virgin Galactic VSS Unity for a spaceflight. On Sunday, he indeed became the first billionaire to win the space race. At this point, it would not be outside the realm of Elon Musk stunts to tweet that he’s also aboard his SpaceX Dragon.

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For anyone else who’s had enough of everything they can see on Earth and can afford to leave it behind, space tourism has finally arrived. For an astronomical price, you will soon be able to take a suborbital space cruise with Blue Origin or Virgin Galactic. If you want to go even farther, SpaceX’s Dragon capsule will have a glass-domed observation deck available for the passengers it’s shuttling to the International Space Station for an eight-day stay at $55 million a piece. Just beware that while the risks of staying on Earth grow every day, those of going into space are too great for insurance companies to cover.

It was federal tax dollars that were the foundation of NASA. The collective coffers of the country put a man on the moon, and a half-billion people watched it on TV. The astronauts did not go in the stead of the rest of the planet; they were pioneers on behalf of the rest of the population.

Sir Richard Branson became the first billionaire in space after the launch of Virgin Galactic’s first full crewed flight, ushering in a new era of space tourism. Editor in Chief of Space.com, Tariq Malik, joins News NOW to share how the historic flight differed from traditional NASA launches and what’s next for the billionaire space race.

Branson Vs. Musk Vs. Bezos: Billionaire Space Race Heats Up

June 25, 2021 reputationpoll

Branson Vs. Musk Vs. Bezos: Billionaire Space Race Heats Up As Virgin Galactic Is Cleared For Passengers.

Virgin Galactic, the space tourism venture of billionaire Sir Richard Branson, surged more than 20% Friday after the company said it received the license it needs to fly passengers into space, upping pressure on its rivals in the emerging space tourism sector and setting the stage for a standoff this summer as billionaires Jeff Bezos, Branson and Elon Musk all push to edge ahead.

Virgin Galactic’s stock was up around 20% on Friday morning following its announcement the Federal Aviation Administration had granted it a license to carry customers to space.

With it, Branson, who launched Galactic in 2004, can finally make good on his promises that commercial spaceflight is just around the corner, which he has been making for the better part of two decades.

Galactic is planning its first fully crewed flight this summer, which could see Branson beat Amazon’s Jeff Bezos into space.

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Bezos, through his own aerospace company Blue Origin, is scheduled to be part of a crewed flight to the edge of space on July 20.

Branson’s efforts to open up commercial space travel have been turbulent, facing repeated setbacks as he repeatedly proclaimed it was just round the corner and comes on the heels of a successful test flight in May. A sizable fraction of his fortune is now derived from his stake in Galactic. The long-awaited green light comes at a crucial time in the dash to open up space to civilians, as Galactic competes with ventures from Musk’s SpaceX and Bezos, both also at advanced stages.

Galactic has not announced the date for its next flight, though it is believed this will be before Bezos’ in July. Bezos, in turn, jumped in front of Musk’s SpaceX, which plans an all-civilian mission at the end of 2021 (SpaceX has already launched several NASA-trained crews to the International Space Station). All will mark milestones in the race to open up space

600. That’s how many people have reportedly already made reservations with Virgin Galactic, which will take off from a site in New Mexico. Tickets cost $250,000 each.

Warren Buffett resigns as Bill & Melinda Gates Foundation trustee

June 23, 2021 reputationpoll

Billionaire Warren Buffett on Wednesday announced that he has resigned as a trustee at the Bill & Melinda Gates Foundation. Buffett also donated $4.1 billion worth of Berkshire Hathaway shares to charity, reaching the halfway mark for donating all of his Berkshire shares as vowed. Bill and Melinda Gates had announced their divorce this May after 27 years of marriage.

“My goals are 100% in sync with those of the foundation,” said Buffett in a statement on Wednesday.“In June of 2006, I owned 474,998 “A” shares. Now, I own 238,624 shares, worth about $100 billion,” he said.“Please understand that these remarks are no swan song,” he added. “I still relish being on the field and carrying the ball.”“

My goals are 100% in sync with those of the foundation,” said Buffett in a statement on Wednesday.“In June of 2006, I owned 474,998 “A” shares. Now, I own 238,624 shares, worth about $100 billion,” he said.“Please understand that these remarks are no swan song,” he added. “I still relish being on the field and carrying the ball.”“

Today is a milestone for me,” said Buffett, Berkshire’s chairperson and CEO, “In 2006, I pledged to distribute all of my Berkshire Hathaway shares — more than 99% of my net worth — to philanthropy. With today’s $4.1 billion distribution, I’m halfway there.”Buffett announced that he will donate $4.1 billion worth of Berkshire Hathaway shares to five foundations.

Buffett said,

“The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals.”

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He said;

“My wealth remains almost entirely deployed in tax-paying businesses that I own through my Berkshire stockholdings, and Berkshire regularly reinvests earnings to further grow its output, employment, and earnings. The income I receive from other assets allows me to live as I wish.”

Over the past 15 years, Buffett has contributed over $27 billion of his own money to the Bill & Melinda Gates Foundation. Buffett has no involvement in the endowment’s investment decisions. Buffett and Bill Gates have been friends for a long time. Gates has also served on Berkshire’s board. Last year, he had announced that he would be stepping down from the post.