New Developments on Space Tourism

This video clip shows some newer technological developments for space tourism and its economic aspects. Multiple companies are working on space tourism projects in order to get regular people into space.



Space tourism began in 2001 when Dennis Tito, an American multimillionaire, boarded the Soyuz spacecraft with the Russian Space Agency and became the first-ever space tourist. He spent a little more than a week in orbit, during which time he conducted scientific experiments. It is suggested that Tito paid somewhere between $12 and $20 million for his space excursion. As time goes on, it seems to be getting more and more likely that regular people will be able to travel into space as tourists, which opens up an entirely new frontier for the economic impacts of tourism.