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Virgin Galactic Update

Published by Robin on Sat Jul 2, 2005 11:58 pm
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via HobbySpace RLV News:
Posted by Sam Dinkin at July 01, 2005 11:19 AM at Transterrestrial Musings
I got a solicitation call from Virgin Galactic after getting an email reminding me I registered and asking to confirm my phone number and a good time to call. 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. If not, it would really be a player mutual sort of like the one I proposed about a year ago in The Space Review. I will aim to post terms and conditions when I receive them.
continued at www.transterrestrial.com/archives/005443.html

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