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Commercial space flights to generate $1.6B ?

Posted on Thursday, 2 August, 2012 | Comment icon 2 comments


Image credit: NASA

 
Suborbital space trips could generate as much as $1.6 billion within the first decade of operations.

Space tourism accounts for 80% of demand for suborbital space flights and Richard Branson's Virgin Galactic is set to be the first of several companies vying for a share in the fledgling sector. With over 536 potential passengers providing a collective deposit of $70 million in advance of the company's planned 2014 launch date, interest in space tourism is at an all-time high.

"Our analysis indicates that about 8,000 high-net-worth individuals from across the globe are sufficiently interested and have spending patterns likely to result in the purchase of a suborbital flight - one-third from the United States," said a recent report.

"Commercial suborbital space flights should bring in between $600 million and $1."

  View: Full article

 Source: Telegraph


  Discuss: View comments (2)

   


 
Recent comments on this story
Comment icon #1 Posted by Skeptic Chicken on 2 August, 2012, 15:12
I wonder if that $1.6B is profit or just money gained without taking fuel and other expenses into account.
Comment icon #2 Posted by Khaleid on 3 August, 2012, 5:06
I think that's without expenses, seeing as 8,000 people each paying $200,000 adds up to $1.6B...


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