AFP - Billionaire entrepreneur Richard Branson said Monday that Virgin Galactic is on track to offer commercial space travel within 18 months, and that space hotels are next on the drawing board.
The project's SpaceshipTwo, an aircraft built by aviation engineer Burt Rutan and designed to carry paying customers into suborbital space, had its maiden flight in the California desert in March.
"We just finished building SpaceShipTwo. We are 18 months away from taking people into space," Branson told a business conference in Kuala Lumpur, adding that the fare will start at 200,000 dollars.
Virgin Galactic, which aims to become the world's first commercial company to promote space tourism, has already collected 45 million dollars in deposits from more than 330 people who have reserved seats aboard the six-person craft.
Branson also has visions of establishing hotels in space, which well-heeled tourists can use as a base for shuttle flights over the moon.
"We are looking at hotels in space. We love the moon," the tycoon said, adding that he was also interested in launching "small satellites into space" for the benefit of schools and universities.