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Chris Bryant

Richard Branson Is Outgunned in Billionaire Space Race

Virgin Galactic’s effort to hold its own against Elon Musk and Jeff Bezos looks increasingly underpowered.

Earthbound. 

Earthbound. 

Photographer: Lisa Maree Williams/Getty Images AsiaPac

Becoming a public company brings much more scrutiny, and placating investors is doubly difficult when a business isn’t yet generating meaningful revenue (as several start-ups backed by special purpose acquisition companies have found out).

Imagine, though, being a novice listed business trying to complete a suborbital space-travel test program in the midst of a global pandemic while two of the world’s richest people, Elon Musk and Jeff Bezos, are busy advancing their own rocket endeavors. This is the competitive pressure on Virgin Galactic Holdings Inc. No wonder it’s wilting.