Take Care of your employees and they will take care of your business. It’s as simple as that – Richard Branson
Richard Branson's Net Worth Skyrockets $1.7 Billion In Just Two Weeks
SpaceShipTwo was earlier expected to take its first passengers into space later this year.
Richard Branson has added about $2 billion to his wealth since the start of January as shares in Virgin Galactic Holdings have surged to a peak after a succession of positive events
So far, Sir Richard Branson is having a very nice 2021. In only the last two weeks, thanks to the soaring price of Virgin Galactic stock, he has added $1.7 billion to his net worth. This year, the stock has more than doubled in price. The explanation for this is the group of Reddit merchants who've concentrated on Virgin Galactic stock. Branson's stake in Virgin Galactic now makes up almost half of his net worth of $6 billion. In only one day, the stock of Virgin Galactic was up 22 per cent to $53.79 when it was $40 last week, $30 the week before that, and $25 the week before that.
In 2004, Branson founded Virgin Galactic to be a space tourism company capable of taking passengers on commercial suborbital flights. The firm has just announced a new test flight this month for its SpaceShip Two. On Saturday, February 13, the flight window is scheduled to open. The firm plans to launch commercial space flights out of New Mexico later this year. 600 individuals have invested up to $245,000 to book a seat on a Virgin Galactic trip into space as of this writing.
Virgin Galactic differs from other commercial spaceflight companies such as SpaceX and Blue Origin because, without the need for a conventional rocket launch, it sends its planes up. The SpaceShip 2 was launched from a WhiteKnightTwo carrier aircraft. SpaceShip 2 is picked up by the carrier plane and launched at a high altitude of about 50,000 feet. If released, the engine of SpaceShip2 ignites and it rockets upwards. SpaceShip 2 then travels into suborbital space about 360,890 miles above the earth's surface at about three-and-a-half times the speed of sound. This region is described by NASA as beyond the edge of outer space.
The pilots shut it down and passengers are able to unbuckle their seat belts to feel the weightlessness of space after SpaceShip 2's engine has been running for about a minute. To take advantage of the best views of the Planet and lift the wings to their re-entry location, the pilots move the spaceship around. As the pilots and passengers return to their seats for re-entry to the Earth's atmosphere, Gravity pulls the spacecraft back towards Earth. The wings return to their usual configuration when the Starship reaches about 50,000 feet above the Earth's surface, enabling the spacecraft to glide down to Earth for a smooth landing on a runway.
Over 400 companies are owned by Richard Branson's Virgin Group. Branson was knighted for his entrepreneurship services in 2000, which is why you will hear him referred to as Sir Richard Branson. In a 2002 BBC poll, he was selected as one of the 100 Greatest Britons. "Losing My Virginity: How I've Survived, Had Fun, and Made a Fortune Doing Business My Way," "Screw It, Let's Do It, Business Stripped Bare, Reach for the Skies: Ballooning, Birdmen and Blasting Into Space," and "Screw Business as Usual, Like a Virgin: Secrets They Won't Teach You at Business School," He has written the books "The Virgin Way: How to Listen, Learn, Laugh and Lead."
