
Space Tourism
Space Tourism
The advent of space tourism occurred at the end of the 1990s with a deal between the Russian company MirCorp and the American company Space Adventures Ltd. MirCorp was a private venture in charge of the space station Mir. To generate income for maintenance of the aging space station, MirCorp decided to sell a trip to Mir, and Tito became its first paying passenger. However, before Tito could make his trip, the decision was made to deer it Mir, and after the intervention of Space Adventures Ltd. The mission was diverted to the ISS. Tito, who paid $20 million for his flight on the Russian spacecraft Soyuz TM-32, spent seven days on board the ISS and is considered the world’s first space tourist. However, given the arduous training required for his mission, Tito objected to the use of the word tourist, and since his flight the term spaceflight participant has been more often used to distinguish commercial space travelers from career astronauts. During the period from 2001 to 2009, seven space tourists made eight space flights aboard a Russian Soyuz spacecraft to the International Space Station, brokered by Space Adventures in
conjunction with Roscosmos and RSC Energia. The publicized price was in the range of US$20–25 million per trip. Some space tourists have signed contracts with third parties to conduct certain research activities while in orbit. By 2007, space tourism was thought to be one of the earliest markets that would emerge for commercial spaceflight Russia halted orbital space tourism in 2010 due to the increase in the International Space Station crew size, using the seats for expedition
crews that would previously have been sold to paying spaceflight participants. Russia’s orbital tourism is finally making a comeback with the launch of the Soyuz MS-20 in 2021. On June 7, 2019, The US National Aeronautics Administration
(NASA) has revealed that it plans to become the International Space Station (ISS) to receive commercial tourists in 2020. NASA said the program aims to spur private space investment. By targeting the rich people who want to adventure in space is the goal of this tour. In 2020,
the organization aims to begin allowing private astronauts aboard the International Space Station using SpaceX Crew Dragon spacecraft and Boeing Star liner spacecraft for public astronauts. It is well known that commercial space tourism or commercial
space tours are the destination of many people. Because space and exploring it is a childhood dream for many people and not everyone can go through all the steps to make it to space. Especially, if you don’t have enough financial strength. Time passes by Technology constantly evolves itself and advances more and more. We are starting to see clearly as many private companies have stepped into the space technology industry. Particularly in the 2000s, companies such as Blue Origin (2000) by Jeff Bezos, SpaceX (2002) by Elon Musk, followed by Virgin Galactic (2004) by Richard Branson. Come. There are also other companies. who entered the space technology business at the same time overlapping each other as well.
Space X company
SpaceX, Elon Musk, of course, this space technology company is not normal. The intention of SpaceX is no different, that is,
to define ‘Multi planetary’ or living the exploration of many planets has actually been accomplished by humans. SpaceX’s approach is to develop its own spacecraft such as the Falcon 9, Falcon Heavy or Dragon to safely travel to space. Then they
can be reused again to reduce the cost of travel, which SpaceX believes the innovation they developed will reduce costs hundreds of times. SpaceX believes a fully and rapidly reusable rocket is the pivotal break through needed to substantially a reduce the cost of space access. Most of the launch cost comes from building the rocket, which historically has flown only once. Compare that to a commercial airliner – each new plane costs
about the same as Falcon 9 but can fly multiple times per day and conduct tens of thousands of flights over its lifetime. Following the commercial model, a rapidly reusable space launch vehicle could reduce
the cost. On the SpaceX side, although it looks solitary but it’s quite different
from other marketers. By focusing on traveling to more distant destinations (orbital space tourism), such as the case of Yusaku Maezawa, a Japanese billionaire and founder of online fashion platform
Zozotown, who has been selected for commercial space travel. Explore the Moon with SpaceX aboard Starship with up to 8 of his own chosen companions by 2023 or a trip in 2022 made with Axiom to bring citizens ordinary people Charter up to live on the International Space Station for
8 days, costing about 55 million US dollars or more than 1,800 million baht.
Blue Origin Company
Blue Origin in 2000 or 21 years ago when Bezos set up this company. His intention and vision are to look to the future, believing that Millions of people will live and work in space to benefit the earth
and believe that Humanity needs to expand. Explore to discover new sources of energy and raw material resources. to move various industries up to space.
But getting humans to travel to space would have a high cost. Anyone about this as you know, Bezos and Blue Origin aimed to develop the solution with a concept of ‘Launch Land Repeat’, where the vehicles
designed by their company had to be brought back can be reused to help reduce mission costs or taking humans to space each time. Blue Origin eventually developed the New Shepard and New Glenn rockets under the concept. It is a rocket designed to launch and land
vertically. The first portion of the rocket can also be reused to reduce costs. It is equipped with a controllable liquid fuel engine for precise landing on the platform. This will help many people to access it in the future. While Blue Origin has yet to announce an official launch date for
commercial space tours, it has yet to be released. But tickets for the first space tour with Jeff Bezos and his brother Mark Bezos on July 20 have sold for more than 28 percent. million US dollars or more than 915 million baht ever That’s a high monetary value, equivalent to one-third
of revenue, as Virgin Galactic sells more than 600 of its advance tickets, while Blue Origin is a single ticket.
Virgin Galactic
Virgin Galactic Holdings and Richard Branson also believe in the idea of traveling to space. Under the merger of space companies and space tours to develop private flights for individuals and researchers. The concept is no different. That is, spacecraft like the VSS they develop must be reusable again to reduce travel costs perform missions cheaper.
Despite the failure of the mission how much But Branson and Virgin Galactic Holdings appear to remain committed to developing spacecraft and completing missions. Until leading to success that occurs, but not that anyone can reach out and seize this special opportunity, but
commercial space tours are designed primarily for the people with the
power and the means. Because the development of a spacecraft and launching rockets from base each time comes at a very high cost. In the case of Virgin Galactic, previously sold more than 600 space tour tickets exclusively. The price is approx. 200,000-250,000 USD per
seat or about 6.5-8.17 million baht per sheet ever Which is expected that their ticket prices will increase than this when the normal sale opens. Currently, they have earned a total of around $80 million from
ticket sales. Virgin Galactic aims to begin commercial space tours as early as 2022, with up to 400 flights a year expected.
With Branson and Virgin Galactic Branson touching the horizon, choosing to face Bezos and Blue Origin on a mission to capture such worldwide attention has become a game-changer and a turning point for the tech industry. Space and commercial flight are even if his brother
Bezos and Chao Boon, who has injected almost a billion baht, will be successful in the mission on July 20, but Branson’s ‘image’, presenting the steps during his mission and his travel companions has been deeply embedded and replayed in the heads of people around the world before.
This article is a part of the class
“751309 Macro Economic 2”
supervised by Asst. Prof. Napon Hongsakulvasu
Faculty of Economics, Chiang Mai University
This article was written by
Arnanya Roopngam 641615106