“Based on the ticket prices that we’ve seen today, the pace of development that we see and the supplies that NASA projects that the revenue sizing represents a $14 billion cumulative opportunity, assuming that launches start within the next one or two years and continuing through 2028. If you’re able to scale and [prove] reliability,.
As challenging as 2020 was, one part of our industry progressed and grabbed the media limelight, even into the early part of 2021: space tourism. Several tests, funding rounds and SpaceX’s commercial launch of a NASA crew kept the dream of space tourism alive. Through hardships and long development time, demand for space tourism remains.
NSR’s Space Tourism & Travel Markets, 2nd Edition report released today forecasts global cumulative revenues of $7.9 B generated by 2030. The market is driven by suborbital tourism, which will accelerate once Virgin Galactic and Blue Origin launches take place in late 2021.
Northern Sky Research predicts the suborbital and orbital tourism market could be worth as much as $14 billion in revenue worldwide by 2028.
NSR’s Space Tourism and Travel Markets report, released today, forecasts suborbital and orbital tourist services beginning in 2020 and 2021, respectively, generating $14B in cumulative revenues by 2028.