On Jul 11 and Jul 20, 2021 two major commercial space missions have been planned. The heads of major business houses namely, Virgin Group and Amazon would be going to outer space to demonstrate the credibility of their company’s spacecraft….The space industry consultancy Northern Sky Research expects the market only for suborbital tourism to be $2.8.
The spectacular night sky and mysteries of space have never ceased to fascinate us since our childhood days of stargazing. However, for some, the fascination continues beyond the early years. Space exploration, which started in the public sector in the 1950s, now has an increasing number of private players participating in it. India Today takes.
The ongoing pandemic has presented a plethora of opportunities as well as challenges to some of the emerging business verticals like Space Tourism and Travel. Recently, the DearMoon project, initiated by Japanese billionaire Yusaku Maezawa recorded millions of participants applying to pursue their dream. On the other hand, Spaceport Cornwall rejected Virgin Galactic’s plan for.
“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,.
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,.