Abstract
Space tourism industry profit prospects point to largely optimistic and even positive prospects for new entrepreneurs. Today, there is fierce competition between the many space tourism companies competing to give the rich travelers who are ready to pay high fees and who are in pursuit of adventure, to taste the journey of their lives. Thus, Sir Richard Branson made her first civilian space journey with Virgin Galactic space plane in July 2021. More importantly, Amazon founder Jeff Bezos flew to the edge of space with three others in a rocket and capsule developed by private spaceflight company Blue Origin. Billionaire entrepreneur made history as part of the first pilotless suborbital flight with an all-civilian crew. As the space industry matures, the competition between companies has increased. At least a dozen large multinational companies have ventured into space tourism, while a few space tourism companies are operating in the field, with plans to build suborbital vehicles, orbital hotels, and even lunar cruise ships. Space tourists need a destination to maximize their travel experience. A 2005 study reported that Virgin Galactic "received full payment from its first 100 customers" (Gibson, 2012). Income from space tourism includes direct income, economic growth, employment with multiplier economic and social effects.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.