HomeNewsBusinessWire NewsHedge fund executive set to blast into space - twice

Hedge fund executive set to blast into space - twice

Hedge fund executive set to blast into space - twice

November 09, 2011 / 11:02 IST
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SINGAPORE (Reuters) - A visit to outer space would be a once in a lifetime adventure for most people. But if all goes to plan over the next three years, a Singapore-based hedge fund executive will blast off not once but twice.

Michael Blum, a German national, is booked on UK billionaire Richard Branson's Virgin Galactic, which expects to launch its first commercial spacecraft in early 2013. He has also signed up with another firm, Space Expedition Curacao, that hopes to launch its first flight by 2014.

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"I care about flying a lot, which is why I'm interested in space. I also feel strongly that private industry is going to be more successful than government in getting technology ready for commercial use," the 35-year-old told Reuters.

Blum said his trip on the Virgin Galactic craft will likely take place in late 2013 or early 2014, while his trip with Space Expedition will probably take place in late 2014.