Slashdot Mirror
Virgin Galactic Signs Historic Lease Agreement
RobGoldsmith writes "Governor Bill Richardson today announced that Virgin Galactic has signed a 20-year lease agreement with the State of New Mexico. Virgin Galactic's world headquarters will be established in New Mexico and its operations will be located at New Mexico's Spaceport America, the nation's first purpose-built commercial spaceport. The signing of the lease agreement coincides with the beginning of the test flying program for Virgin Galactic's WhiteKnightTwo launch vehicle which got underway this month in Mojave, CA. The WhiteKnightTwo will serve as the mother ship for SpaceShipTwo, the vehicle that will carry commercial astronauts into sub-orbital space from Spaceport America."
Reusable SSTO isn't going to develop from continued work on suborbital vehicles like this. They're too small and expensive to use for transport, they're too big and heavy to reach space and stay there, and if engine tech changes either of those facts, it will change for more dedicated vehicles too. Space tourism like this will take us nowhere. The only long term benefit that will come from this is more experience entering atmospheres in an aerodynamic vehicle, and even then it won't be much use immediately as these suborbital planes start their reentry low and slow. For a real spaceship to make a similar reentry would need a lot of propellant used in slowing down.
Yes, Buffet pledged to donate that sum, or rather stock that at the time of the pledge were worth that sum. Gates initial endowment on the other hand was $94 million, which is also off by your numbers. Bill and Melinda Gates have actually given $28 billion and their donations constitute most of the current endowment to the foundation.