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Virgin Galactic gets U.S. OK

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Private space flight takes a big step forward.
“It allows us to activate all the parts of the project,” Whitehorn told SPACE.com in an exclusive phone interview, such as use of technology—SpaceShipOne’s reentry concept and hybrid rocket motor design, for example—that can be licensed through Paul Allen’s Mojave Aerospace Ventures.
I think Richard Branson is a flake, but I must admit, he's a flake with style. Not to mention a boatload of cash.