Tesla founder Elon Musk has bought a ticket on one of the future spaceflights by rival billionaire Sir Richard Branson's Virgin Galactic, according to a newspaper report.

Mr Branson became the first in the billionaire's space race between himself, Mr Musk, and Amazon founder Jeff Bezos, to successfully touch the edge of space as he jumped aboard a Virgin Galactic flight earlier on Sunday.

The Sunday Times reported that Mr Musk, who owns Virgin competitor SpaceX, has paid $10,000 (£7,000) as a deposit to reserve a seat on one of Mr Branson's flights. The date for Mr Musk's flight with Virgin Galactic has not been set.