Virgin Galactic SpaceshipTwo disaster: Branson counts economic loss

UK hedonist billionaire declared his intention to continue with his, 'for profit' pursuit of Space tourism, using the failed Virgin Galactic Spaceship.

He declared that he was undaunted by this 'setback,' i.e. the death of a pilot, the critical injuries to another pilot and the catastrophic loss of the aircraft.

It is clear that the human loss and misery will not affect his economic assessment of the viability of this venture or perhaps Virgin is not willing to write off the enormous expenditure on another loss-making, ill-conceived and badly managed Branson concept.

U.S. federal investigators are cautioning that it may take up to a year to learn exactly what went wrong.

In grim remarks at the Mojave Air and Space Port, where the craft known as SpaceShipTwo was under development.

UK Hedonist billionaire Branson gave no details of the accident and deferred to the U.S. National Transportation Safety Board, whose team began its first day of investigation.

Picture: REUTERS/Lucy Nicholson

SpaceShipTwo test pilots Peter Siebold (left) who parachuted to safety but was seriously injured and Michael Alsbury who was killed in the accident

Credit: AP

Investigators from the National Transportation Safety Board (NTSB) and Scale Composites inspect wreckage at one of the debris fields

Credit: REUTERS/David McNew

Investigators will review video from multiple cameras that were on the spaceship, on the mother ship, on a chase aircraft and at nearby Edwards Air Force Base. 

They also have six "nonvolatile" sources of information from the aircraft, and radar data to sift through

Credit: REUTERS/David McNew

The investigation could take up to 12 months to complete

Credit: Sandy Huffaker/Getty Images

At 60 feet long, SpaceShipTwo featured two large windows for each of up to six passengers, one on the side and one overhead. 

Credit: AP Photo/Ringo H.W. Chiu

Virgin Galactic crash: last moments of SpaceShipTwo

This is the moment Virgin Galactic's SpaceShipTwo rocket exploded in the air during a test flight, killing one pilot and seriously injuring another.

The rocket belonging to hedonist billionaire Sir Richard Branson's space tourism venture exploded in a fireball during a test flight before crashing in the Mojave Desert in California.

A Virgin Galactic spokesman said the rocket "suffered a serious anomaly" after a test flight conducted by partner business Scaled Composites.

One eyewitness to the event, Doug Messier, managing editor of Parabolicarc.com, saw SpaceShipTwo's engine sputter when it first came to life during the test flight, after WhiteKnightTwo released it.

"It looked like the engine didn't perform properly," Messier told Space.com's Tariq Malik. "Normally it would burn and it would burn for a certain period of time. It looked like it may have started and then stopped and then started again."

Then, Messier saw the ship break apart. "I didn't see an explosion, but it definitely broke into pieces," he added.

Sir Richard wrote on Twitter: "Thoughts with all @virgingalactic & Scaled, thanks for all your messages of support. I'm flying to Mojave immediately to be with the team."

At a press conference in California, Virgin Galactic chief executive George Whitesides said: "Space is hard and today was a tough day.

"We are going to be supporting the investigation as we figure out what happened today. We are going to get through it."

"The future rests in many ways on hard days like this but we believe we owe it to the folks who were flying these vehicles as well as the folks who have been working so hard on them to understand this and to move forward."

He said it was the first time the rocket had been flown using a new fuel formulation.

"It had been proven and tested on the ground many times," he added.

Mr Whitesides said the pilots were employed by Scaled Composites. He added that the injured pilot was "as well as could be expected".

SpaceShipTwo has been under development at Mojave Air and Spaceport .

This venture was not about the advancement of science or for the benefit of humankind. This was a 'for profit' venture.

The pursuit of fame, increased revenues and bottom-line profits by Virgin's hedonistic billionaire figure-head has now led to the premature and terrifying death of one man and crippling injuries and pain of another. 

Virgin Exploitation of Space: SpaceShipTwo's Supersonic Test Flight - Video