I'm skeptical that a guy who made his money by "transferring a variety of U.S.-pioneered internet business models to Russia" [1] and then muscling in on Silicon Valley investments like WhatsApp where he "bought a stake from the founders for $125 million within weeks of Facebook snapping up the messaging giant for $19 billion last year" [2] is capable of this kind of engineering project. He's good at making deals but he's not the kind of roll-up-your-sleeves engineer that should be involved with space exploration. I think he's just jealous of Elon Musk and Richard Branson. This seems more like the Spruce Goose than anything else, and in the same vein as Howard Hughes, I'm sure he'll be looking for a giant government grant to pay for his techno-playboy hobbies.

[1] https://en.wikipedia.org/wiki/Yuri_Milner

[2] http://www.forbes.com/sites/parmyolson/2015/03/25/yuri-milne...