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:
“What is a country without rabbits and partridges? They are among the most simple and indigenous animal products; ancient and venerable families known to antiquity as to modern times; of the very hue and substance of Nature, nearest allied to leaves and to the ground,—and to one another; it is either winged or it is legged. It is hardly as if you had seen a wild creature when a rabbit or a partridge bursts away, only a natural one, as much to be expected as rustling leaves.”
—Henry David Thoreau (1817–1862)
“There’s something about Marxism that brings out warts—the only kind of growth this economic system encourages.”
—P.J. (Patrick Jake)
“The English countryside, its growth and its destruction, is a genuine and tragic theme.”
—E.M. (Edward Morgan)
“The secret ones around a stone
Their lips withdrawn in meet surprise
Lie still, being naught but bone
With naught but space within their eyes....”
—Allen Tate (1899–1979)
“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)