How SpaceX, Virgin Galactic, Blue Origin and others compete in the growing space tourism market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

The space tourism market has remained nascent for the past two decades, but a handful of companies are looking to change that.

Both of the companies' systems are rocket-powered and capable of carrying up to six passengers on a flight, but that is where the similarities end.

But unlike conventional rockets, New Shepard's booster also comes back to land separately – with the company reusing the boosters for future launches.Virgin Galactic has sold about tickets to about 600 passengers at a price between $200,000 and $250,000 each, although the company expects itsubstantially for the first commercial flights. Blue Origin has said its ticket pricing is yet to be determined, but Bezos expects his company will price flights on New Shepard comparable to competitors.

Blue Origin's New Shepard rocket launches from the company's facility near Van Horn, Texas in June 2016.Given the price point of the flights, both Virgin Galactic and Blue Origin are targeting high net worth individuals for the suborbital experiences. Virgin Galactic chief space officer George Whitesides has previouslywhich is the fastest-growing part of the luxury market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How about refunding the money to consumers who had bought plane ✈️ tickets for trips that Virgin Atlantic had canceled and never came through on? That would be an honorable milestone.

They'll all do fine until the first passenger space flight blows up, & one will. That's a certainty.

If you fart in space and since sound doesn't travel in a vacuum, does it mean no one farts in space?👀

Hello. I am a graphics designer. I am an expert in Adobe Illustrator and Adobe Photoshop. I have experience 3 years of this work. I can do any T_Shirt design.

Mankind should not touch the universe anymore!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines