There's an emerging industry thought to be only science fiction not too long ago that's close to becoming a reality: space tourism. And a handful of companies — including one publicly traded name — are competing neck and neck to be leaders in the emerging market. But what space tourism entails, and how much it costs per person, varies greatly depending on a company's technological capabilities. But, while passengers flying with both companies would go to space by the Federal Aviation Administration's definition, a Virgin Galactic passenger spends about 0. Whether a passenger reaches suborbital and orbital space is the major difference in the destinations of the human spaceflight offerings in development.
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Every Space Tourism Vacation You Can Book Right Now, If You’re Rich
Like a Virgin, in Space for the Very First Time
Supersonic transportation has proven a difficult technology to commercialize. Thanks to a great deal of financial and human capital put in by organizations ranging from NASA to billionaire-backed startups , we are inches close to turning it into reality. Space vacation packages come in a wide variety. Then, during the descent, they will experience several minutes of weightlessness like a true astronaut.
Virgin Galactic will organize private passenger trips to the space station for NASA
Imagine booking the airfare for your dream vacation and then, three years later, still having no idea when you're leaving. They're both still waiting for that chance. While Klyukin says the extended timeline dims the excitement somewhat, he's perfectly content waiting his turn. With the era of private space travel likely upon us in the next decade, there are inherent risks for those who take the trip. Even SpaceX CEO Elon Musk, who outlined his plan in September for colonizing Mars, conceded that anyone who makes the journey needs to be ready to accept death, something he personally is not ready to do.
The company has little to no revenue and is still in the testing phase of its spacecraft development, and we have no idea what revenue or margins will look like as the company matures. But sometimes taking a risk is worth it for investors, and given a multibillion-dollar market potential, Virgin Galactic may be worth betting on. There are two main products that we know Virgin Galactic is developing.