I think we can all agree that space tourism excites and creates enthusiasm, but is space tourism expensive?
Many people naturally assume space tourism will be exorbitantly expensive given the technology required to explore space and how far removed it is from the average person’s life. Space tours could easily cost $1,000 per space mile or more, right?
Well not really. A space mile is a measure of space distance and is equal to the average distance between the Earth and Moon. So space tours could easily cost $1,000 per space mile or more… Yes? No! That would be ridiculous.
The Reality Of Space Tourism Costs
In reality space tourism will most likely cost about as much as a business class plane ticket, but with space tours you get to travel about eight times faster.
The space planes being developed by companies such as Virgin Galactic and XCOR will cut the time it takes for space tourists to get from point A to B by a factor of ten or more compared to space shuttles which used rockets.
This is all good news, especially for space engineers and scientists that experiment with space travel and physics on a regular basis.
Space tourism will not be cheap but it also won’t be the crazy $1,000 per space mile some people assume it to be.
What Is The Space Industry Worth?
The space industry — including space tours — is already worth an astounding $300 billion per year and it’s only growing. A large part of that space tourism market share will not just be individuals but also larger companies such as hotels, resorts and more. This would be a great opportunity for space entrepreneurs to bring space closer to more people by way of space tours.
The space industry in general — not just space tourism — continues to grow and change the world we live in and only promises to grow more in years to come.
What Is The Likely Future Cost Of Space Tourism?
The actual cost of space tourism is not going to be charged per space mile or space kilometer, but will likely cost around the price of a business class plane ticket if space tourism companies develop space planes that travel about eight times faster than space shuttles.
Space tours are one space industry that is already generating a lot of money and is expected to continue doing so. It’s likely space tourism will follow suit in an exponential growth curve. In 2016, space tourism companies received deposits amounting to more than $1.75 billion from space enthusiasts who are interested in space tours.
As with most innovations, the cost to participate in a space flight initially was exorbitant, however space tours are starting to become more affordable. Today space enthusiasts can participate in space tours for as low as $20,000 through space tourism companies like Space Adventures and Blue Origin. But the cost of space tourism is still high despite being much lower than before.
What Makes Space Tourism Expensive?
The space tourism industry is not just for space tours, but space flights as well. Both of these are expensive because space travel requires a lot of preparation. To start with, you need to know how much fuel the rocket needs to reach its destination. Of course, there’s also training that goes along with space travels – every space tourist must be fully trained before they can fly.
There’s also the cost of space suits, training tools and space facilities around the world where space tourists train. All space programs require training facilities not just for space tourists but also the astronauts who work for space tourism companies.
Commercial space travel isn’t cheap, but it will still cost much less than a trip to deep space. There’s also the time and money used to test space flights. Every space flight must pass certain standards set by space agencies before it can be released.
Space tours are not cheap, but they offer space lovers the opportunity to experience space travel at a fraction of what it would cost without space tourism companies. That’s why more and more people are hoping for space tourism to become even more affordable in the future.