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The Growing Interest in Space Tourism: What Does it Mean?

When people read history books about space travel, the project Apollo never misses because the crew successfully went and came back from the moon. Even after that, space travel has been a sector where only experts in space exploration are able to make it. Now, everything is changing as space tourism continues to grow. This post takes a closer look at the growing interest in space tourism to establish what it means. 

The Onset of Space Tourism 

To understand the growing interest in space tourism, it is important to go back to the beginning. When Dennis Tito, the first space tourist, was denied a seat to travel to space with the NASA crew, he never gave up. He finally secured a seat and travelled to space aboard Soyuz TM-32and took eight days at the International Space Station. This was the beginning of space tourism and now it has drawn a lot of interest. 

Although only a few tourists have travelled to space, the growing list of bookings indicates a sector with immense potential. For some, it is not about cost, but travelling with a difference. 

More Companies Joining Space Tourism will Make It a Big Industry 

Unlike in the early 2000s when few companies were willing to take space tourists, the growing interest has changed the industry. Now, a lot of companies are already booking visitors and preparing them for space travel. The growing interest means that a lot of resources are also going into space tourism. Therefore, you can expect more sophisticated technology in space travelling, better space vehicles, and enhanced safety. 

The companies entering the sector are also providing travellers with additional options. For example, space tourists have the option of taking orbital or suborbital flights. In the future, it might be possible to stay in a space hotel, such as the one being developed by Orion Span. Some of the main companies in the space tourism niche include:

  1. Blue Origin. 
  2. Virgin Galactic. 
  3. Space Adventures. 
  4. Orion Span. 

The High Cost of Space Tourism will Go Down 

Although travelling to space is a dream for many people, achieving it can be hampered by high costs. Take the example of the first space tourist, Dennis Tito. To travel to space, Tito had to pay $20 million, an amount that most people would find hard to raise. However, the growing interest in space tourism is making space travel cheaper and affordable for all. 

As opposed to paying $20 million that first space tourists paid, it is now possible to book a space flight with only $200,000. The cost is expected to come down even further as more companies join the industry and invest in newer space technologies.  

There are More Opportunities in Space Tourism: Andrey Bokarev

If you ask top managers, such asAndrey Bokarev, they will tell you that every entrepreneurial opportunity should be explored and optimized for higher profitability. This scenario is evident in space tourism as companies and governments now see it as a good opportunity for manufacturing. For example, some materials such as gallium arsenide and aluminum galliumarsenide are now being manufactured in space. 

The growing interest in space tourism indicates it is a sector that might become an important economic driver in the coming years. As newer and more effective technologies are developed, it is your time to think of traveling to space and enjoying every moment. Well, think like an entrepreneur, such as Andrey Bokarev, and take advantage of every opportunity to travel with a difference.