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        <title><![CDATA[Earth’s super wealthy ready to abandon planet as Virgin Galactic demand soars]]></title>
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        <lastBuildDate>Mon, 31 Aug 2020 22:48:24 +0000</lastBuildDate>
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            <media:title type="html">Earth’s super wealthy ready to abandon planet as Virgin Galactic demand soars</media:title>
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        <content:encoded><![CDATA[<p>Forget about <strong>fleeing New York</strong> &#8212; the rich are ready to leave the entire planet.</p><p>Around four in 10 people with net worths of $5 million or more are interested in paying $250,000 for a ticket to space with Virgin Galactic, according to a new survey.</p><p>The analyses by Cowen estimated that with 11 spacecraft carrying six passengers each, Richard Branson&#8217;s far-out tourism venture could be flying 3,400 people per year by 2030, <strong>CNBC reported</strong>.</p><p>″We believe a substantial growth opportunity lies ahead with the commercial spaceflight business, which already has [around] 600 reservations,” Cowen analyst Oliver Chen said.</p><p>Right now, demand is so high that Virgin faces &#8220;supply constraints to serve all interested individuals,&#8221; the investment firm said.</p><p>Among those who&#8217;ve already bought tickets are Leonardo DiCaprio and Justin Bieber, <strong>according to Forbes</strong>.</p><p>The trips will blast wannabe astronauts to the edge of space for aerial views and &#8220;several minutes of true, unencumbered weightlessness&#8221;&nbsp; &#8212; before jettisoning them right back to Earth, according to the company&#8217;s website.</p><p>The company&#8217;s SpaceShipTwo commercial space shuttles are set for launch next year.</p><p>Virgin Galactic&#8217;s stock surged following the publication of Chen&#8217;s analysis, <strong>MarketWatch reported</strong>.</p>]]></content:encoded>
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