Trade frequent flyer miles for space travel

frequent flyer milesBanking frequent flyer miles, business travelers save for travel gear, clothing, sports and recreation equipment, personal vacations and more. Now, Virgin Galactic is allowing their frequent flyers to trade miles for a ride in space.

Virgin Galactic plans to send its first spacecraft, SpaceShip Two, on a suborbital space flight later this year. In a lottery, Virgin Galactic is allowing their Atlantic Flying Club members to redeem miles for a chance to win a trip on a the spaceflight.

According to the terms and conditions of the drawing, “Once Virgin Galactic launches it’s first flight to space, Flying Club will draw a winner from all the entries received.” You don’t need to have two million miles to register for the drawing, but you will need to have the miles in your account if your entry is selected as the winner.

The price tag: two million miles.Short on miles?

Virgin Galactic will allow members to buy up to 30,000 miles for $27. At that rate, a ride in space has a value of $54,000, not a bad price compared to the $63 million that the Russian space agency charges NASA for a ride to the international Space Station.

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Flickr photo by Deanster1983