Hedge Funds

Tito pitches for cheaper space tourism


Wilshire Associates' hedge fund chief and cosmonaut, Dennis Tito, recently gave a speech in northern California touting the merits of space tourism. Tito, a former JPL engineer, became the first space tourist back in 2001, when he paid Russia $11 million for the privilege of becoming a cosmonaut and spent eight days on a Soyuz mission to the international space station. Tito blasted NASA and the U.S. for failing to develop cheaper and more accessible space travel, but saved praise for billionaire Richard Branson, whose Virgin Galactic may offer flights for as low as $50,000.