Space Tourism Managers

The space tourism industry is in its infancy, but the field is growing quickly as technology continues to advance, more high-net-worth individuals become interested in embarking on suborbital and orbital adventures, and more companies receive licenses to offer space tourism services. Revenue in the orbital space tourism and travel market is expected to grow from $385 billion in 2021 to $555 million in 2030, according to Statista.com. “The global space tourism market is skyrocketing, with dozens of companies now offering reservations for everything from zero-pressure balloon trips to astronaut boot camps and simulated zero-gravity flights,” according to the New York Times, which also points out that the Federal Aviation Administration “has yet to approve most out-of-this-world trips, and construction has not started on the first space hotel.”

It's important to remember that the cost per seat for a commercial trip to space remains extremely high ($50,000 for a ride on a zero-pressure balloon, $250,000 for a suborbital flight; and $20 million or more for a trip to the International Space Station or beyond). As a result, space tourism remains an option for only the ultra-wealthy or those lucky enough to be gifted a free ride by a celebrity and/or millionaire.