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'I have always dreamt of this': Why Sir Richard Branson's feeling out of this world

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Sir Richard Branson hailed the “experience of a lifetime” after flying to the edge of space and back aboard Virgin Galactic’s first fully crewed flight.

The billionaire businessman smiled as he headed back to the planet surface after feeling the thrill of weightlessness for several minutes on Sunday afternoon.

The launch was hailed a “landmark moment” for the billionaire businessman, as well as the whole commercial space industry.

Take-off had been delayed by about 90 minutes on Sunday due to the weather overnight at Spaceport America in New Mexico, in the US.

But video streamed live online showed the spacecraft being carried up into the atmosphere by its mothership before being released so it could power up to highs of 250,000 feet.

Sir Richard and his crew reached speeds of Mach 3 on their way to the edge of space.

After a short spell during which they experienced weightlessness, the craft then pointed downwards and made its way back to the ground.

On the return flight, Sir Richard hailed the “experience of a lifetime” and the “hard, hard work” that went into the flight.

Out on the runway, he was greeted with cheers and hugs as he walked back to the spaceport.

Later, he told a press conference: “Like most kids I have dreamt of this moment since I was a kid but honestly nothing could prepare you for the view of Earth from space.

“The whole thing was just magical.”

He also paid tribute to scientist Stephen Hawking, who he said it was an “honour” to know.

Sir Richard is the first owner-astronaut to take part in a mission, beating Amazon founder Jeff Bezos, who plans to reach space in his own rocket through his Blue Origin company.

On the ground, Michael Colglazier, chief executive of Virgin Galactic, said: “This is a landmark moment for Virgin Galactic.

“It’s a landmark moment for the new commercial space industry and it certainly is a landmark moment for our founder Richard Branson.”

He said the company’s work on Sunday was dedicated to “opening up space to all”.

Tourists are expected to pay $A334,000 for a spaceflight on Virgin Galactic, which includes four minutes of zero gravity.

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