The Pros and Cons of Space Tourism´s Expansion

With the space program growing the space industry is seeing a greater demand in the market for space tourism. With these demands to venture out to space there are companies that are venturing out to make it an opportunity for humans to explore out to the stars. The world is now seeing companies making it their mission to do orbital, suborbital flights and even live in space. The space industry’s business and economics on the development of new space vehicles for future space tourism is a concern for these companies. With these orbital and suborbital flights for space tourism there are some legal ramifications that companies have to also deal with. Most companies that are planning to venture out to space they have to think of how to operate within guidelines of laws that constraint the project, mostly concerning with environmental and U.S. laws concerning flying in accordance to the FAA(Federal Aviation Administration). In the space tourism market has emerged to become one of the most promising space business markets that is forecasted and presented to be the economic growth and the potential of the industry of space tourism to become a billion dollar market within the decade. If these program prove to be successful they will advance human’s into a brighter future with technology.

With the space program’s successes in space after the landing on the moon, much of the public saw space tourism was in the close future. As the shuttle program expanded in the early 1980s, NASA began a Space Flight Participant program to allow citizens without scientific or governmental roles to fly. In July 1985 NASA chose Christa McAuliffe as the first teacher and non-trained astronaut in space from 11,400 applicants. However, McAuliffe was killed ...

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... future of commercial space travel will inevitably be shaped to a degree by its legal implications.

This paper intent is to investigates how best to make it possible for space tourism’s expansion, whether through private markets, public-private cooperations or in other ways. In the last few years, the space tourism market has emerged to become one of the most promising space business markets that is projected to become a billion dollar market within the decade.

In summary, this paper’s business and economics of development of new space vehicles for future space tourism. It will address how different corporations are positioned to succeed in this market segment, both from a financial and technical point of view. The core material of the paper will be looking at the state of the aerospace industry in the area of spacecraft vehicle manufacturers for space tourism.