Billionaire space race (SEDS). Later, Jeff Bezos became a chapter president of SEDS. In the 1990s, Diamandis, dissolute with the state of space development, decided to spur it on and spark the suborbital space tourism market, by initiating a prize, the X Prize. This led to Paul Allen becoming involved in the competition, creating the Scaled Composites Tier One platform of SpaceShipOne and White Knight One which won the Ansari X-Prize in the 2000s. The technology of the winning entrant was then licensed by Richard Branson's Virgin Group as a basis to found Virgin Galactic. The base techniques of Tier One also form
Virgin Money Australia A&G Insurance Services and also announced their strategic alliance with CitiBank, with plans to launch a suite of retail banking services in 2010. Virgin Money credit cards were relaunched in Australia on 27 July 2010 with two card types: the Velocity Rewards Credit Card, co-branded with Velocity Frequent Flyer, and the No Annual Fee Credit Card. All credit cards are also co-branded with Visa credit card. In 2013 Virgin Money Australia was bought by Bank of Queensland for $40 million. Under the deal, Bank of Queensland have rights to the Virgin Money name in Australia for four decades while paying