there have been delays and setbacks for virgin galactic. crashed during flight testing, resulting in the death of its co—pilot and serious injuries for the pilot. dave mackay acknowledges the time that testing is taking. so, if you look at military test programmes, the risk levels are different. we're building a safe, reliable commercial system. it's very, very different to everything that has been done before. but we still have some more flights to do, with more people in the back, and once we've done a few more of those flights, we'll be ready to start commercial operation. so we're getting very close. it has taken longer than i guess we thought it would do initially, but i don't think — with hindsight, i don't think that's at all surprising. on paper, space tourism can seem a bit frivolous, but we are moving into an era of commercialisation of space travel anyway. most government—funded experiments in space, either on a space station or probes for other planets, are going to be shipped out to commercial companies, and so furthering space

there have been delays and setbacks for virgin galactic.ft crashed during flight testing, resulting in the death of its co—pilot and serious injuries for the pilot. dave mackay acknowledges the time that testing is taking. so, if you look at military test programmes, the risk levels are different. we're building a safe, reliable commercial system. it's very, very different to everything that has been done before. but we still have some more flights to do, with more people in the back, and once we've done a few more of those flights, we'll be ready to start commercial operation. so we're getting very close. it has taken longer than i guess we thought it would do initially, but i don't think — with hindsight, i don't think that's at all surprising. on paper, space tourism can seem a bit frivolous, but we are moving into an era of commercialisation of space travel anyway. most government—funded experiments in space, either on a space station or probes for other planets, are going to be shipped out to commercial companies, and so furthering spa

there have been delays and setbacks for virgin galactic. crashed during flight testing, resulting in the death of its co—pilot and serious injuries for the pilot. dave mackay acknowledges the time that testing is taking. so, if you look at military test programmes, the risk levels are different. we're building a safe, reliable commercial system. it's very, very different to everything that has been done before. but we still have some more flights to do, with more people in the back, and once we've done a few more of those flights, we'll be ready to start commercial operation. so we're getting very close. it has taken longer than i guess we thought it would do initially, but i don't think — with hindsight, i don't think that's at all surprising. on paper, space tourism can seem a bit frivolous, but we are moving into an era of commercialisation of space travel anyway. most government—funded experiments in space, either on a space station or probes for other planets, are going to be shipped out to commercial companies, and so furthering space

there have been delays and setbacks for virgin galactic.lting in the death of its co—pilot and serious injuries for the pilot. dave mackay acknowledges the time that testing is taking. so, if you look at military test programmes, the risk levels are different. we're building a safe, reliable commercial system. it's very, very different to everything that has been done before. but we still have some more flights to do, with more people in the back, and once we've done a few more of those flights, we'll be ready to start commercial operation. so we're getting very close. it has taken longer than i guess we thought it would do initially, but i don't think — with hindsight, i don't think that's at all surprising. on paper, space tourism can seem a bit frivolous, but we are moving into an era of commercialisation of space travel anyway. most government—funded experiments in space, either on a space station or probes for other planets, are going to be shipped out to commercial companies, and so furthering space travel in that sense is actually go

there have been delays and setbacks for virgin galactic.isk levels are different. we're building a safe, reliable commercial system. it's very, very different to everything that has been done before. but we still have some more flights to do, with more people in the back, and once we've done a few more of those flights, we'll be ready to start commercial operation. so we're getting very close. it has taken longer than i guess we thought it would do initially, but i don't think — with hindsight, i don't think that's at all surprising. on paper, space tourism can seem a bit frivolous, but we are moving into an era of commercialisation of space travel anyway. most government—funded experiments in space, either on a space station or probes for other planets, are going to be shipped out to commercial companies, and so furthering space travel in that sense is actually going to benefit from space tourism as well. so we have to take into account not just the impact of space tourism in the sense of our economy, but also the impact from the life—chan

works for you. >>> welcome back space company virgin galactic plans to go public letter this year after they emerged with chamath palihapitiya galactic is holding an investor day today. we're joined by chamath palihapitiya, virgin galactic ceo george whiteside good to have you with us thank you for being here today. >> thank you. >> yeah. give us an idea of what is happening out there. how many investors you have and what you're showing them >> well, this is an opportunity to sort of showcase the supply side of the business and opportunity to show some of the most important blue chip investors, hedge funds, mutual funds. what these guys have built spaceships and the ability to take people to space so we're spending the day touring the facilities here and fly people to new mexico and show everybody the newly unveiled space port where they'll be running commercial operations and then, you know, gearing up toward the fall and beginning of commercial operations next year. >> we talk about the investors who have come out there to see the operation. th they, like, everybody else, wants to kno

the commercial exploitation, virgin galactic, space x, blue origin and other companies working in partnership with nasa so it is wonderful to see. >> host: michael collins, is he still alive? >> guest: michael collins is alive and going strong, 89 on halloween. buzz aldrin just turned 89. neil armstrong has been gone for a few years. michael collins is a wonderful gentleman, very thoughtful. speaking of our future in space, he said people will go when they are able to go and i think that says it all. it speaks to the human needs, the human yearning to find out what is over the next hill, the next valley, on the next world. >> host: did he ever express regret being the guy who had to drive the ship around the moon while his two friends -- >> guest: he was a gentleman, he never complains. he said once or twice in his book carrying the fire, which is probably the best astronaut autobiography, these were alpha males and everybody wanted to be highest and fastest so of course he wanted to walk on the moon but he was a team player. he was happy to be part of the first crew. >> host: joe in new york

and coming up at 12.30, click travels to new mexico, to ask the team at virgin galactic, about plansurists into space. good morning. amber rudd has been giving more details about why she's resigned from the government. she told the bbc‘s andrew marr she hasn't seen enough evidence that downing street is doing enough to get a brexit deal. and she's angry about the expulsion of what she called ‘good and moderate‘ conservative mps. the chancellor sajid javid said he was saddened by her resignation and he did not agree that the government wasn't putting serious effort into getting a new deal. here's what amber rudd had to say on the andrew marr show this morning. i believe that he is trying to get a deal with the eu. i am just saying what i have seen in government, is that there is this huge machine preparing for no deal, which is fine. you might expect in the balance between getting a deal and no deal 50 50 in terms of work. but it is not that. it is like 80 or 90% of government time going into preparing for a no deal and the absence of actually trying to work to get a deal. it is what

in four years, hasn't spoken anywhere in public in like four years we're going to talk about virgin galacticc we'll talk about that business but also we'll pick up on our conversations from last week, ipo gs,s current state of tech. you name it, we'll ask it. we're very excited about that show tomorrow. let's talk about your new buys, i was interested to hear you bought disney. talk about that first. >> i think first of all, bob iger stepping off the board was the right thing to do. there are clearly going to be competitors with apple going forward. disney is a popular name i think what happened a few months ago when they came out with disney plurs, the stock was rerate up in the 130s, most analysts have it at 150, 160 we did do cover calls against it i think leading up to investor, when they roll it out disney plus, i want to say november 12th, we wanted to be into that well before and i still think they're being conservative on the amount of viewers that are going to subscribe i think everyone is going to basically download this app, and it's going to be a block buster, and i don't think a

what did you make of the rich hard branson transaction around virgin galactic?> i think that it is actually a really interesting use of the spac because it would probably access the public markets as well it is also pretty early business, so it would be hard for it to go public the 2r5 decision al way. and so i think that they will engine rate a lot of interest in it >> a deal that gets done because typically there is a vote that happens? >> it just depends on how much of the proceeds they need to have to close because you can close them if you don't get all the proceeds the vote will happen the question is how much of the proceeds they will end up getting. >> he proce proce . >> proceeds for themselves >> no, because investors can ask for their money back often you don't get 100% of the cash in trust, you get some but you still close the deal with less but interestingly spacs, now there are $18 billion of spac in 75 vehicles looking for yields so it will be a very robust part of the capital markets for a long time. >> mark, thank you >> so who is going to win i

spaceport america is the new home of virgin galactic — the company founded by billionaire sir richardg customers on 90—minute flights to the edge of space. the spaceport‘s exterior is the product of british architects foster + partners. eventually, five spaceships and two carrier aircraft will reside in the hangar. passengers will also receive three days‘ training here before blasting off into the upper atmosphere. and spaceship from base, you are go from zero minus 10 on time. it is also home to mission control, where all flight operations are monitored from, and this is the very first time that a tv crew has been allowed to film inside this room. winds are holding, 1.60 at 10 knots... virgin galactic has moved all of its operations to new mexico from its original base in mojave, california. the white knight two mothership aircraft has already moved in and continues flight testing, but the actual spacecraft, dubbed spaceshiptwo, will arrive at spaceport america at a later date. the white knight carrier aircraft is really performing a rehearsal for a real space flight. it is going to