Space Tourism

The space travel industry is about people going into space for sporting purposes. The primary space traveler was US tycoon Dennis Tito, who in 2001 paid $20 million to hitch a ride on a Russian Soyuz rocket to visit the global space station and went through eight days there.

Three privately owned businesses – Blue Origin, Virgin Galactic, and Elon Musk's SpaceX — are presently leading the human undertaking to investigate space. Their advancement will choose whether space travel will one day become as available as air travel.

For what reason is it significant?

The trip on July 20 was the initial phase in making space more open to people. These are the beginning phases of space the travel industry offers just sub-orbital (flights can't finish a circle around the earth) and will give an encounter of a couple of moments in space.

In the end, the expectation is that any individual who can manage the cost of the outing can go to space with simply a day's preparation for a Blue Origin excursion and three days of preparation for a Virgin Galactic outing. At this moment, only the really rich may endeavor it.

A study by research firm Cowen found that around 40% of individuals with a total asset of more than $5 million are keen on paying $250,000 for a Virgin Galactic flight. It gauges a market of 2.4 million individuals for such flights.

We in India should speed up our advancement in this field. While space in the travel industry may appear to be an unnecessary guilty pleasure, the idea may not simply be sporting. It can give a base to testing super-sonic travel between various objections on earth, altogether packing travel time.

In addition, it proclaims the passage of the private area into this field. Blue Origin was established in 2000, SpaceX in 2002, and Virgin Galactic in 2004. It's taken these organizations almost twenty years and generous financing and exertion to come this far. While the Indian government last year reported a strategy to open space investigation to the private areas, there has not been much development. It is basic, we get solid traction in space. ISRO alone can't do the work.

By: Rajvi Somani