Richard Branson, creator of the Virgin conglomerate which owns all of your airplanes and music-makers, lost a bet with fellow billionaire Tony Fernandes. The result is the terrible monstrosity you see here.

With NASA mothballing shuttles, and the Soviets auctioning seats on Soyuz capsules for millions of rubles, how are spunky American pilots supposed to prove they have the right stuff? By answering a want ad for astronauts from Richard Branson.

Lotus F1 boss Tony Fernandes said Monday he'll auction off seats on an AirAsia flight where Virgin boss Richard Branson will dress up as a "stewardess" after losing a cross-dressing bet. Below, show us what he'll look like in drag.

Later today, flamboyant British multi-millionaire Richard Branson will commemorate the completion of the main runway of Spaceport America, near the town of Las Cruces, New Mexico, where the Virgin Galactic project is based. Here's a look before Branson's big bash.

Set to be officially unveiled tonight, here's the first images of Virgin Galactic's SpaceShipTwo attached to its mothership Eve. One more shot without Richard Branson below.