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,.
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.