go to space. And not only that, we've convinced a rich guy, a very rich guy, to come to this country and build a space program to take everyday people to space."

That "rich guy" is Richard Branson, the English billionaire who owns Virgin Atlantic Airlines. Branson has signed a $120 million deal with Rutan to build five spaceships for paying customers. Named "Virgin Galactic," it will be the world's first "spaceline." Flights are expected to begin in 2008.

"We believe by flying tens of thousands of people to space, and making that a profitable business, that that will lead into affordable orbital travel," says Rutan. Rutan thinks there "absolutely" is a market for this.

With tickets initially going for $200,000, the market is limited. Nevertheless, Virgin Galactic says 38,000 people have put down a deposit for a seat, and 90 of those have paid the full $200,000.

But Rutan has another vision. "The goal is affordable travel above low-Earth orbit. In other words, affordable travel for us to go to the moon. Affordable travel. That means not just NASA astronauts, but thousands of people being able to go to the moon," he says. "I'd like to go. Wouldn't you?"

By Harry Radliffe

United 3

For 300 years, the sea has been closing in on New Orleans. As the coastal erosion continues, it is estimated the city will be off shore in 90 years. Even in good weather, New Orleans is sinking. As the city begins what is likely to be the biggest demolition project in U.S. history, the question is, can we or should we put New Orleans back together again?

Life has been returning to high and dry land on Bourbon Street, but to find the monumental challenge facing the city you have to visit neighborhoods you have never heard of. On Lizardi Street, 60 Minutes took a walk with the men in charge of finishing what Katrina started.

Correspondent Scott Pelleyreports.

Before Katrina, "There would be noise and activity and families and people, and children, and, you know, I haven't seen a child in a month here," says Greg Meffert, a city official who, with his colleague Mike Centineo, is trying to figure out how much of the city will have to be demolished.

Meffert, who is in charge of city planning, says it is "very possible" up to 50,000