NSR’s newly released Space Tourism & Travel Markets, 3rd Edition (STT3) report sees more than 57,500 passengers heading to space through the decade, generating $20.3 Billion cumulative revenues. As the most stable and lucrative segment through 2031, Orbital Travel is set to capture 66% of total revenue opportunity. Orbital Travel has strong government support with initiatives such.
A year and a half ago, Virgin Galactic went public. Since then, the company has generated no “significant revenue”, nothing in the past two quarters, and has pushed the start of their commercial suborbital tourism service to 2022. Over on the orbital front, companies like Sierra Nevada, Boeing, and Blue Origin, are facing similar delays,.