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:
“For I had expected always
Some brightness to hold in trust,
Some final innocence
To save from dust;”
—Stephen Spender (1909–1995)
“The labor of women in the house, certainly, enables men to produce more wealth than they otherwise could; and in this way women are economic factors in society. But so are horses.”
—Charlotte Perkins Gilman (1860–1935)
“Interpretation is the evidence of growth and knowledge, the latter through sorrow— that great teacher.”
—Eleonora Duse (1858–1924)
“In the United States there is more space where nobody is is than where anybody is.”
—Gertrude Stein (1874–1946)
“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)