A new report by Swiss investment bank UBS predicts that soon high speed travel through the near reaches of space will come to compete with long-haul airline flights.
UBS analysts estimate that space tourism alone will become a $3 billion market by 2030, while the space industry as a whole will double in worth from $400 billion today to $805 billion over the same period. And once we can spend a week of vacation in space, they ask, why not use the technology for Earth-bound long-distance travel?
“Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space,” wrote UBS analysts Jarrod Castle and Myles Walton in the report, as quoted by CNBC.
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