A spacecraft designed to rocket wealthy tourists into space as early as 2011 was unveiled Monday in what backers of the venture hope will signal a new era in aviation history.

The long-awaited glimpse of SpaceShipTwo marks the first public appearance of a commercial passenger spacecraft. The project is bankrolled by Virgin Galactic founder, British billionaire Sir Richard Branson, who partnered with famed aviation designer Burt Rutan, the brains behind the venture.

"We want this program to be a whole new beginning in a commercial era of space travel," Branson said.