Virgin Galactic's Quiet News: Virgin Now Owns The SpaceShip Company

RocketAcademy writes "While all eyes were focused on SpaceX, which is preparing for another launch to the International Space Station, Virgin Galactic quietly put out a press release. Virgin Galactic has acquired full ownership of The SpaceShip Company, which will build production versions of SpaceShip Two. Ownership was previously shared with Scaled Composites, which built SpaceShip One and is building the SpaceShip Two prototype. There have been rumors of strained relations between Virgin Galactic and Scaled Composites. This news, which was not announced until after the close of business Friday, raises some interesting questions about Virgin's relationship with Scaled and its plans for the future."

Re:Interesting questions

[91degrees]

Because our society is largely based on capitalist principles which uses the profit motive as an incentive to create economic growth and technological development. Being able to afford space yachts is one of the incentives that encourages this growth.