Commercial spaceflight and space tourism could become a $1.6 billion industry in the next decade, researchers told a congressional committee in Washington.
A joint study by the Tauri Group and the Federal Aviation Administration found there will be enough demand for such spaceflights to fill 400 to 500 seats per year, at an average price of $200,000 per seat, Carissa Bryce Christensen of the Tauri Group said.
Demand at these prices was found to be "genuine, sustained, and ... sufficient to support multiple providers," the study said.
Six private companies are working on suborbital reusable launch vehicles. None has launched a commercial service but at least two, Virgin Galactic and XCOR Aerospace, say they plan to initiate flights at the end of 2013, Florida Today reported.
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A joint study by the Tauri Group and the Federal Aviation Administration found there will be enough demand for such spaceflights to fill 400 to 500 seats per year, at an average price of $200,000 per seat, Carissa Bryce Christensen of the Tauri Group said.
Demand at these prices was found to be "genuine, sustained, and ... sufficient to support multiple providers," the study said.
Six private companies are working on suborbital reusable launch vehicles. None has launched a commercial service but at least two, Virgin Galactic and XCOR Aerospace, say they plan to initiate flights at the end of 2013, Florida Today reported.
Read More......................
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