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British billionaire Richard Branson poses for the photographers in the window of a replica of the Virgin Galactic, which according to the company will be the world’s first commercial spaceline, at the Farnborough International Airshow in Farnborough, England, Wednesday, July 11, 2012.Virgin Galactic announced “LauncherOne,” a new air-launched rocket specifically designed to deliver small satellites into orbit. Commercial flights of the new orbital launch vehicle are expected to begin by 2016, Virgin Galactic aims to offer frequent and dedicated launches at the world’s lowest prices. (AP Photo/Lefteris Pitarakis)

British billionaire Richard Branson poses for the photographers in the window of a replica of the Virgin Galactic, which according to the company will be the world’s first commercial spaceline, at the Farnborough International Airshow in Farnborough, England, Wednesday, July 11, 2012.Virgin Galactic announced “LauncherOne,” a new air-launched rocket specifically designed to deliver small satellites into orbit. Commercial flights of the new orbital launch vehicle are expected to begin by 2016, Virgin Galactic aims to offer frequent and dedicated launches at the world’s lowest prices. (AP Photo/Lefteris Pitarakis)

Farnborough Airshow

July 12, 2012

Farnborough International Airshow, the aerospace industry's biggest event, takes place in Farnborough, England, from July 9 to July 15, 2012.