Our goal is to show that you can develop a robust, safe manned space program and do it at an extremely low cost.

The Russians did much bigger space launch vehicles for launching satellites and for getting men in orbit. They did that much sooner than America because America was very good at something else.

Virgin Galactic, which will be operating SpaceShipTwo, will be only one of several spacelines. The competitors for Virgin include the Russians, Bezos's Blue Origin, and possibly Rocketplane Kistler. And likely a couple of others who are smart enough not to tell people what they are doing!

A NASA-funded study estimates that if the price of a ticket to space approached $100,000, close to a million people would buy one. That's a $100 billion industry. Microsoft cofounder Paul Allen gave me $20 million in startup funding to go after that market.

There will be a new industry, and we are just now in the beginning. I will predict that in twelve or fifteen years there will be tens of thousands, maybe even hundreds of thousands of people, that fly and see that black sky.

In 12 or 15 years, there will be routine, affordable space tourism not just in the U.S. but in a lot of countries.

NASA is doing nothing but development. They're not doing research in manned spaceflight at all and I see no reason for them to do that because we already know that it will work and we already know exactly how it will work.