This SpaceX launch will open the door to more business in space: 'It's a massive market'

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On Sunday, SpaceX will embark on the first of its regular missions to launch crew to the International Space Station. It's expected to usher in more commercial opportunities in low-Earth orbit.

“It’s like asking the question in 1995 of how much can the internet be worth,” said Amir Blachman, chief business officer of Houston-based Axiom Space, a company that trains private astronauts and manages their missions to the space station.Advertisement

NASA estimated last year that private astronauts would pay about $58 million for the trip and an additional $35,000 per-day charge while on the station. That revenue could be used to offset NASA’s cost to operate and maintain the U.S. portion of the station, which is about $3 billion to $4 billion a year. That, in turn, could free up funds for other more ambitious missions, such as flights to the moon.

“If you have such a high volume of launches, people just feel more confident in it,” said Marco Caceres, senior space analyst at market analysis firm Teal Group. “It’ll be easier to sell seats when you feel like it’s not going to blow up.”

 

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I'm thinking of opening a lawn and gardening shop on an asteroid. I plan on going to space for my groceries very soon.

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