A study from analysts at Northern Sky Research (NSR) suggests that by 2031 some 57,500 passengers will be taking a trip into space. The value of this space tourism and orbital travel will capture the majority of an overall cumulative $20.3 billion in related revenues. The numbers come from NSR’s Space Tourism & Travel Markets,.
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.
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 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,.