Billionaire Richard Branson recently entered the billionaire space race when his Virgin Galactic took flight. Branson beat Amazon founder Jeff Bezos to the space race by a week. This shows that the rich are quickly figuring out ways to capitalize on space travel.
Billionaires have paved the way for innovation coming to the masses for a long time. For example, JP Morgan shaped the American financial landscape and brought railroads to the masses by funding them. Not to mention, he famously saved the U.S. from financial calamity in 1907 and spent huge amounts of money to do so.
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Since the invention of 1960s communications satellites, parts of the world's space program has been run by the private sector. Anothe...