Expected Economic Growth of Space Tourism
A 2010 report from the Federal Aviation Administration, titled "The Economic Impact of Commercial Space Transportation on the U. S Economy in 2009", cites studies done by Futron, an aerospace and technology-consulting firm, which predict that space tourism could become a billion-dollar market within 20 years. In addition, in the decade since Dennis Tito journeyed to the International Space Station, eight private citizens have paid the $20 million dollar fee to travel to space. Space Adventures suggests that this number could increase fifteen-fold by 2020. These figures do not include other private space agencies such as Virgin Galactic, which as of 2012 has sold 500 tickets worth $200,000 dollars each. Its ticket sales are expected to increase by the year 2013, when Virgin Galactic expects to begin flights.
Read more about this topic: Space Tourism
Famous quotes containing the words expected, economic, growth, space and/or tourism:
“Don’t be so ready to defy everybody. Act as if you expected to have your own way, not as if you expected to be ordered about. The way to get on as a lady is the same as the way to get on as a servant: you’ve got to know your place.”
—George Bernard Shaw (1856–1950)
“According to our social pyramid, all men who feel displaced racially, culturally, and/or because of economic hardships will turn on those whom they feel they can order and humiliate, usually women, children, and animals—just as they have been ordered and humiliated by those privileged few who are in power. However, this definition does not explain why there are privileged men who behave this way toward women.”
—Ana Castillo (b. 1953)
“Yes, I am a thorough republican. No other form of government is so favorable to the growth of art.”
—Oscar Wilde (1854–1900)
“There is commonly sufficient space about us. Our horizon is never quite at our elbows.”
—Henry David Thoreau (1817–1862)
“In the middle ages people were tourists because of their religion, whereas now they are tourists because tourism is their religion.”
—Robert Runcie (b. 1921)