Growing Commercial Passenger Interest, Along with Government Funding and Demand, Drive Space Tourism & Travel Market Revenues Cambridge, MA- January 14th, 2022- NSR’s newly released Space Tourism & Travel Markets, 3rd Edition (STT3) report sees over 57,500 passengers heading to “space” through the decade, generating $20.3 Billion cumulative revenues. NSR’s STT3 finds the rapid growth.
According to NSR, a single Virgin Galactic suborbital space tourism flight, lasting about an hour and a half, can generate as much pollution as a 10-hour trans-Atlantic flight. Some scientists consider that disconcerting, in light of Virgin Galactic’s ambitions to fly paying tourists to the edge of space several times a day. “Even if the.
It’s estimated by space consultancy Northern Sky Research that the market for space tourism will reach $10.4 billion by 2028. Beyond tourism, some companies are aiming to set up communications on the moon, there’s even the possibility of using it for resources and fuel.
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,.