Blue Origin launched Jeff Bezos to space on July 20. Credit: MGN

Three of the richest billionaires on Earth are now busily spending billions to exit our Earthโ€™s atmosphere and enter into space. The world is watchingโ€”and reflecting.

Some commentators see our billionaire trio, Richard Branson, Jeff Bezos, and Elon Musk, as heroic heirs to the legacies of Charles Lindbergh and Sir Edmund Hillaryโ€”the first mere mortals to high jump the Atlantic alone and scale the worldโ€™s highest mountain.

 โ€œSpace travel used to be about โ€˜us,โ€™ a collective effort by the country to reach beyond previously unreachable limits,โ€ writes author William Rivers Pitt. โ€œThat was the Cold War propaganda, anyway, and it had an unavoidable allure. Now, itโ€™s about โ€˜them,โ€™ the 0.1 percent.โ€

Letโ€™s not treat the billionaire space race as a laughing matter. Letโ€™s see it as a wake-up call, a reminder that we donโ€™t only get billionaires when wealth concentrates. We get a society that revolves around the egos of the most affluent among us and an economy where the needs of average people go unmet and donโ€™t particularly matter.

Characters like Elon Musk, notes Paris Max, host of the โ€œTech Wonโ€™t Save Usโ€ podcast, are using โ€œmisleading narratives about space to fuel public excitementโ€ and gain tax-dollar support for various projects โ€œdesigned to work bestโ€”if not exclusivelyโ€”for the elite.โ€

The three corporate space shells for Musk, Bezos, and Bransonโ€”SpaceX, Blue Origin, and Virgin Galacticโ€”have โ€œall benefited greatly through partnerships with NASA and the U.S. military,โ€ notes CNN Business. Their common corporate goal: to get satellites, people, and cargo โ€œinto space cheaper and quicker than has been possible in decades past.โ€

Branson, for his part, is hawking tickets for roundtrips โ€œto the edge of the atmosphere and back,โ€ at $250,000 per head. Heโ€™s planning some 400 such trips a year, observes British journalist Oliver Bullough, โ€œalmost as bad an idea as racing to see who can burn the rainforest quickest.โ€

The annual UN Emissions Gap Report last year concluded that the worldโ€™s richest 1% do more to foul the atmosphere than the entire poorest 50% combined. That top 1%, the UN report adds, would have to โ€œreduce its footprint by a factor of 30 to stay in lineโ€ with the 2015 Paris Agreement targets. Opening space to rich peopleโ€™s joyrides would stomp that footprint even bigger.

Bezos and Musk seem to have grander dreams than mere space tourism. Theyโ€™re looking โ€œto colonize the cosmos,โ€ with Bezos pushing โ€œartificial tube-like structures floating close to Earthโ€ and Musk talking up the terraforming of Mars. They essentially see space as a refuge from an increasingly inhospitable planet Earth. They expect tax-dollar support to make their various pipedreams come true.

We donโ€™t need billionaires out to โ€œconquer space.โ€ We need to conquer inequality.

Sam Pizzigati is co-editor of Inequality.org.