It’s his money. He earned it by busting his rear end and going from selling Christmas trees, starting a magazine, opening his own record store, to owning a label and becoming an airline mogul. Not bad for a dyslexic kid who never attended college. I’d much rather have someone like him directing his money than a bureaucratic know it all in some far away “capital city”.
This was not meant to be a one time thing. I think his intent is to bring space travel initially to wealthy people, but eventually get it to the point where it is commercially viable for the common person. It’s not to say the X-15 wasn’t awesome and ahead of it’s time. Or that this isn’t getting people as high as the Mercury program. But just as such programs led to technology that people didn’t imagine, I’m sure scaling space flight to the point where it is affordable for more than just a few people. Heck, air travel was initially only for the very wealthy. The common person never traveled by air. Up until deregulation air travel was still for the wealthy and the businessman. People saved all their lives for a vacation by air. Now it’s very common. It’s now unusual to find someone who hasn’t traveled by air.