NSR in the News

The National: Branson’s Virgin Galactic IPO puts spotlight on space tourism

“Virgin Galactic is very far ahead in terms of where their technology sits. But the market is still embryonic and faces the risks of logistical roadblocks and unexpected costs.”

The space-tourism market will initially be dwarfed by related sectors such as satellite communications, projected to be worth about $10bn annually, and Earth observation, at about $3bn, though it could open up following “customer validation”.