Name: Richard Branson on Elon Musk He will be a formidable competitor
Uploaded: 2019-12-13
Duration: 2 min 44 s
Description: Fortune discusses the competition and more with the Virgin Group's founder.

 I don't have business plans. I mean, I have a back of the envelope idea of what I want to do, because I can't see that they're going to really achieve very much. Pretty well everything I've gone into in my life has been out of frustration, a feeling that I could do it better than other people are doing it. I've never pulled in the accountants and said, you know, if we go into space, can we make a lot of money? If we start an airline, can we make a lot of money? If we take on the mobile phone companies, can we make a lot of money? You know, what I've learned is, screw it. Just do it. And make sure that your product is better than anyone else out there. And then at the end of the year, hopefully more money will be coming in than is going out. We haven't really gone completely head to head so far. So Elon is interested in sending people to Mars. We are more interested in our Earth that we live on, connecting the four billion people that are not connected here on earth. Or giving people the chance to go to space who are here on Earth. We will overlap, and he will be a formidable competitor. But like in most businesses, there's definitely room for the two of us. There's room for Jeff Bezos. And I think in time, there'll be room for others as well. All the market research we've shown the demand from people who want to go into space is infinite. We just got to make sure that they can have a very safe ride and an affordable ride, and that's the challenge that Virgin Galactic has set itself. It's a bit like saying, you know, what's your favorite child? But I think people will forgive me for saying that Virgin Atlantic is something of a baby. You know, she was born 35 years ago. She was bullied atrociously by British Airways when she was a young girl. I had to fight tooth and nail to make sure that she was protected. And I took it to the high court of England, and we won the biggest damages in British history. And she is still as delightful a company as she was 35 years ago. Staff is still loving the company and loving flying on it, and incredibly proud. And of course, because she's flown the Virgin flag into lots of different countries around the world, she's really helped to, sort of, spearhead the Virgin brand as a global brand. 

Richard Branson on Elon Musk He will be a formidable competitor

Tech

Fortune discusses the competition and more with the Virgin Group's founder.

e don't have business plan. I mean, I have a back of the envelope, your idea of what I want to do because I can't see that they're gone already achieved very much pretty well. Everything I've gone into in my life has Bean out of frustration appealing that I could do it better than other people doing it. I've never pulled in. The accountant said, way we go into space. Can we make a lot of money if we started there like, make a lot of money? If we take on the mobile phone company can make a lot of money. You know what I've learned is just do it on dhe. Make sure that your product is better than any anyone else out there on. Then at the end of the year on, hopefully more money will be coming in and going out. We haven't really gone completely head to head so far. So interested in when it was Mars way onboard, then power that we live on, like connecting the four billion people are not connected here on Earth or giving people a chance to get a space here way will overlap on, but he will be a formidable competitors. But you know, like in most definitely room for the two of us will be this room to death. Based on, I think in time that we would practice as well the market research. We show the demand from people who want to go into space in tonight. You just got to make sure that they have a very safe ride. Andan affordable ride. And that's the challenge. Virgin Galactic. It's a bit like saying, uh, what's your favorite child? But I think people will forgive me for saying that Reg Atlantic is something of a baby. She was born 35 years ago. She was bullied atrocious lead by British Airways. When she was a young girl, I had to fight tooth and nail to make sure that, uh, that she was protected. Andi, I took it to the High Court of England. We want the biggest damages in in British history, and she is still a delightful company. She was 35 years ago to build nothing loving in the company and loving flying on it and incredibly proud, of course, because she's flown the virgin flag into lots of different countries around the world has been right. She's really helped spearhead the virgin brand of a global brand