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Stock impact report

Why space tourism failed to launch [Yahoo! Finance]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: Yahoo! Finance
I go to space, too ? Indeed, it's now almost 25 years since the American entrepreneur Dennis Tito – on April 28, 2001 – became the first-ever paying customer to embark on a flight into space. Tito's venture – which involved joining the Russian spacecraft Soyuz TM-32 for a reported fee of $20m – sparked an insatiable interest in so-called space tourism : the idea that those with deep enough pockets could one day pay to venture up into the heavens, staring down at the Earth below. Understandably, the world quickly got the space tourism bug. Within a few years of Tito touching back down on Earth, numerous dreamers and entrepreneurs had come forth with their visions to take amateur astronauts into space – including the space-enthusiast engineer Burt Rutan, the late Microsoft co-founder Paul Allen and our own Sir Richard Branson. Sir Richard Branson is known for his space tourism aspirations - Steve Parsons/PA You can't blame the billionaires for dreaming. But 25 years later, where Show less Read more
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