{"id":3759,"date":"2021-08-26T15:28:26","date_gmt":"2021-08-26T13:28:26","guid":{"rendered":"http:\/\/twissen.com\/?p=3759\/"},"modified":"2022-01-21T11:20:48","modified_gmt":"2022-01-21T10:20:48","slug":"space-tourism-business-search-sustainability","status":"publish","type":"post","link":"https:\/\/twissen.com\/en\/trends-en\/destinations\/space-tourism-business-search-sustainability\/","title":{"rendered":"Space tourism, a business in search of sustainability"},"content":{"rendered":"<p><a href=\"https:\/\/video.milanofinanza.it\/video\/jeff-bezos-turista-nello-spazio-quando-i-modelli-di-business-terrestri-arrivano-in-orbita-j0dPNSUpmIxn\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Jeff Bezos, with his company, Blue Origin, has been a space tourist shortly after Richard Branson\u2019s Virgin Galactic launch<\/span><\/a><span style=\"font-weight: 400;\">. The rocket, named \u201cNew Shepard\u201d, departed from Texas and reached over 100 km in altitude. The flight lasted 11 minutes and together with Jeff Bezos there were three other people on board, including his brother Mark and the astronaut Wally Funk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As explained\u00a0by <\/span><a href=\"https:\/\/www.linkedin.com\/in\/anilkumar-dave-176a65\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Anilkumar Dave<\/span><\/a><span style=\"font-weight: 400;\"> from <\/span><a href=\"https:\/\/infinitearea.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Infinite Area<\/span><\/a><span style=\"font-weight: 400;\">, in the first quarter of 2021, investments in the space sector of 4.5 billion have already been achieved. Business models expand in space so that there will be a commoditisation of space assets. There are also companies that are bringing new expertise, such as in the case of production of food for future space tourists.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regarding <\/span><a href=\"https:\/\/www.businessinsider.com\/ticket-spacex-blue-origin-price-cost-space-tourists-pay-2021-7?r=US&amp;IR=T\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">prices and services<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.blueorigin.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Blue Origin<\/span><\/a><span style=\"font-weight: 400;\"> didn\u2019t communicate a price, but a seat on the first flight was auctioned for $ 28 million. The cost includes the flight up to a height of 100 km, the overnight stay at the launch site and a specific training. <\/span><a href=\"https:\/\/www.virgingalactic.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Virgin Galactic<\/span><\/a><span style=\"font-weight: 400;\">\u2019s first-selling tickets cost between $ 200,000 and $ 250,000 each, and the company has communicated that prices will rise. It includes the flight up to a height of 80 km, the space suit and a light training in which participants are instructed on what will happen.<br \/>\n<\/span><a href=\"https:\/\/www.agi.it\/economia\/news\/2021-07-19\/turismo-spaziale-come-e-quando-13304929\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">SpaceX is considering space tourism too<\/span><\/a><span style=\"font-weight: 400;\">, but much more ambitious, for several days and to a much higher height. The program developed by Axiom for <\/span><a href=\"https:\/\/www.spacex.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">SpaceX<\/span><\/a><span style=\"font-weight: 400;\"> will cost $ 55 million and will include training, medical support, 8 days aboard the host station including clothing and other supplies.<\/span><\/p>\n<p><a href=\"https:\/\/www.wired.it\/economia\/start-up\/2021\/07\/10\/turismo-spazio-branson-bezos\/?refresh_ce=\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Many experts\u00a0think that the economic value of this sector will grow rapidly<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><b>It has already reached a turnover of 651 million dollars in 2020 <\/b><span style=\"font-weight: 400;\">and it is estimated to reach<\/span><b> 1.7 billion by 2027 with a growth rate of 152%<\/b><span style=\"font-weight: 400;\">. Much of the market value will be suborbital tourism and China is expected to absorb much of the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A controversial topic is <\/span><b>sustainability<\/b><span style=\"font-weight: 400;\">. On the one hand, those who invest in the space tourism sector, primarily Bezos and <\/span><a href=\"https:\/\/www.industryweek.com\/the-economy\/environment\/article\/21960227\/space-tourism-wont-hurt-environment-branson\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Branson<\/span><\/a><span style=\"font-weight: 400;\"> themselves, tend to minimise the environmental impact. On the other hand, scientists and experts have long claimed that the <\/span><a href=\"https:\/\/www.nature.com\/articles\/news.2010.558#B1\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">marketing of spatial launches will\u00a0raise\u00a0the poles temperature of at least one degree Celsius<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0 \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At <\/span><b>Twissen<\/b><span style=\"font-weight: 400;\">, we observed that space tourism is a growing sector, whose strong\u00a0economic potential\u00a0has\u00a0to be monitored over time. However, it is necessary to assess whether the level of emissions can be justified by the number of passengers, considering that sustainability is\u00a0always more a\u00a0fundamental pillar for emerging business models.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The emergence of business opportunities related to space tourism leads to questioning the future of the sector and its sustainability<\/p>\n","protected":false},"author":7,"featured_media":7205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[97],"tags":[892,868],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Space tourism, a business in search of sustainability | Twissen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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