Richard Branson targets space by mid-2018 as Virgin begins powered tests

Sir Richard Branson walks around the new Virgin Galactic SpaceShipTwo. Photo / Getty Images

Richard Branson's Virgin Galactic is poised to resume powered test flights more than 2 1/2 years after the fatal break up of its experimental rocket plane, with the billionaire entrepreneur aiming to make the first trip into space himself by the middle of next year.

Following the completion of a series of glide-only sorties, powered tests are set to take place every three weeks with the aim of extending them into space by November or December, Branson said in an interview. After his own flight, full commercial passenger operations should start by the end of 2018, he said.

Branson's update is the most detailed since the October 2014 crash of Virgin Galactic's original SpaceShipTwo, in which co-pilot Michael Alsbury died when the craft was torn apart after he prematurely unlocked a braking mechanism.

While the accident in the Mojave Desert came just months before the planned maiden commercial flight, Branson said the appetite for travel to the edge of space remains undimmed, leaving room for a number of competitors.

"We will never be able to build enough spaceships," Branson said Wednesday in Hong Kong following the introduction of Virgin Australia flights from Melbourne. "The demand is enormous."

Branson was an early leader in the new space race after founding Virgin Galactic in 2004.

Since then, rivals like the Jeff Bezos-backed Blue Origin and Elon Musk's Space Exploration Technologies Corp., or SpaceX, have gained momentum by focusing on reusable rockets to cut the cost of space travel.

The Briton, who turns 67 on July 18, said there's a role for various launch systems, especially in the deployment of satellites, viewed as a likely mainstay of Virgin Galactic's future business. The company's Virgin Orbit arm is working on a two-stage air-launched rocket that would carry small satellites, with test rockets set to be dropped from an aircraft in the first quarter of 2018, he said.

"There is definitely the demand for all three," Branson said of the competing ventures. "We can take off at 24-hour's notice, put a couple of satellites up and come back again. With ground-based rockets, there's quite a long waiting time. Elon has bigger rockets, so he has advantages there."

Branson declined to comment directly on Donald Trump's June 30 announcement that he'll revive a Cold War-era council that helped shape space policy, or on the US president's suggestion that private companies are set to play "an important role" in the next phase of space technology.

"I think myself and Jeff Bezos and Elon are just getting on with it," he said. "I don't think I've heard of anything majorly exciting that's come out of the administration as far as space is concerned, but maybe they'll surprise us."

Virgin Galactic will also play a role in developing elements of Boom Technologies's planned supersonic plane, Branson said, and will build parts of the XB-1 demonstrator on which the US startup plans to commence work before the end of this year, according to

Branson, a vocal opponent of the UK leaving the European Union, said he's hopeful the country is now headed for a Brexit "kinder" to business following the outcome of May's general election, which left the ruling Conservatives with fewer seats and dependent on the support of a smaller party.