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Virgin Galactic: The Pioneering Adventure Into Space Tourism

NEW YORK, April 8, 2013 /PRNewswire/ -- announces that a new market research report is available in its catalogue: Virgin Galactic: The pioneering adventure into space tourism

IntroductionThe Virgin Galactic company is a pioneering enterprise which is run by Virgin Group. The company plans to be the first company able to carry tourists into space, customers will be transported beyond the official line of the atmosphere to experience weightlessness and view the Earth from space. Features and benefits* MarketLine Case Studies describe topics such as innovative products, business models, and significant company acquisitions.* Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends. HighlightsVirgin group is a company which has a history of testing unique business ideas and trying controversial business plans to find new sources of revenue. The company began as a record shop selling records via the postal service. Currently the company is involved in a number of different business areas, including banking, transport and media.Virgin Galactic as a company is going to be running an experience where tourists can pay for the experience of being in space. The company has designed its own fleet of new spacecraft and will be running them from purpose built spaceports the first of which will be in New Mexico USAVirgin's spacecraft include the Spaceship two, the White Knight two and the Launcher one. The White Knight carries a payload which can be a satellite launching craft or a Spaceship two carrying tourists, toward the end of the atmosphere where the ship or launcher can release and fire their rockets into the atmosphere. Your key questions answered* What types of industries in Virgin group involved with currently?* What is the nature and plan for the new plunge into space tourism?* Is the company likely to be successful in this new business environment?* What are the potential pitfalls of this business venture?

OVERVIEWCatalystSummaryTHE VIRGIN STORYThe Virgin Group's historyThe Virgin Group companiesDespite global success the company has had to be pragmaticVIRGIN GALACTIC IS BORNVirgin Galactic plans to run commercial flights to outer spaceThe Virgin Galactic trip will cost less than the current optionsThe Virgin Galactic experience will cross the Karman lineVirgin Galactic will fly from purpose built space portsVIRGIN'S SPACECRAFT FLEETThe Spaceship Two is a passenger carrying craftThe White Knight Two is a utility mother-ship craftLauncher One, a payload carrying rocketCAN THIS INNOVATIVE COMPANY BE A SUCCESSNASA's budget has been reducedPotential safety and technology concerns for VirginSome opportunities exist from the invention of new technologyThere are some competitors, but currently the market is openCONCLUSIONSVirgin has proven itself to be an innovative companyCompetitors are few in the commercial space flight businessThere are numerous potential pitfalls to overcomeAPPENDIXSourcesFurther ReadingAsk the analystAbout MarketLineDisclaimer

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