Virgin Galactic founder, Sir Richard Branson, moved his trip to space to an earlier test flight after Jeff Bezos announced he was going up, but claims no rivalry, saying ‘we both wished each other well’
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Accident-related lawsuits against cities and settlements have risen alongside cyber attacks and natural disasters, both domestically and globally, even as bond yields have slid, resulting in more stringent underwriting standards and higher premiums around the world.
Although the pair form part of a three-way billionaire space race with Jeff Bezos, both Musk and Branson appear in good spirits, with Musk posing for a picture with the British entrepreneur before his historic space mission.
Branson denied that he and Bezos were in a ‘battle of the billionaire space founders’ to see who would go up first, despite changing from the second to the first VSS Unity test flight in order to go up before Bezos.
The billionaire trio, with a combined net worth exceeding $380 billion (£274bn), have poured their near limitless resources into their respective space start-ups in the hopes of revolutionising aerospace journeys.
Larger cities facing steep declines in transit fees had the biggest hit to revenues, but many smaller municipalities have faced big cost challenges, as many families, taking advantage of what appears to be a permanent shift to working from home, at least part-time, have fled large cities for smaller towns in search of more space and affordable housing.
Sir Richard Branson today became the first billionaire to make it into space on his own commercial spacecraft after the Virgin Galactic founder took off on a flight to the edge of earth’s atmosphere in the VSS Unity plane in New Mexico.
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Sir Richard Branson will fly to the edge of space on a spaceplane built by his own company on Sunday, declaring it is ‘time to turn my dream into reality,’ as he takes to the stars nine days before rival Jeff Bezos.
Pictured: The Virgin Galactic SpaceShipTwo space plane Unity flies at Spaceport America, near Truth and Consequences, New Mexico on July 11, 2021 before travel to the cosmos with Sir Richard Branson onboard with five other crew members
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“Any unanticipated increase in costs can come as a surprise,” although municipalities do have some funds for contingencies, said Travis Shaw, senior vice-president for public finance at DBRS Morningstar.
Branson is Astronaut 001 and will travel with Chief Astronaut Beth Moses (Astronaut 002), Lead Operations Engineer Colin Bennett (Astronaut 003) and VP of Government Affairs Sirisha Bandla (Astronaut 004) in the cabin.
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The British billionaire will launch on the first of the three test flights carrying a full complement of ‘astronauts’ in the cabin, before they begin flying the first of 600 ‘future astronaut’ ticket holders in 2022.
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Sir Richard soon posted a light-hearted reply that read: ‘Thanks for being so typically supportive and such a good friend, Elon. Great to be opening up space for all – safe travels and see you at Spaceport America!’
The billionaire entrepreneur told the Times earlier today the view alone will be worth the billion pounds he has spent on the project and added: ‘I think it’s one of the reasons that people want to become astronauts.
For Bracebridge town in the cottage district of Muskoka, some 175 kilometers north of Toronto, a C$160,000 increase in expenses in a year raises property taxes by 1%, said its mayor, Graydon Smith, who is also president of the Association of Municipalities Ontario.