Space Tourism Industry Statistics

In this post, we delve into the evolving landscape of the space tourism industry, exploring key statistics that shed light on the market’s growth, potential, and notable developments. From the market value projections to the significant investments and price tags associated with space tourism experiences, we uncover the fascinating dynamics shaping this emerging sector.

Statistic 1

"The global space tourism market was worth approximately $0.7 billion in 2020."

Statistic 2

"The space tourism market is projected to reach $1.7 billion by 2027."

Statistic 3

"The industry is expected to grow at a compound annual growth rate (CAGR) of 17.3% from 2021 to 2027."

Statistic 4

"As of 2020, only 7 space tourists have traveled to the International Space Station (ISS)."

Statistic 5

"The private orbital spaceflight has been priced at $55 million per person."

Statistic 6

"Virgin Galactic has more than 600 reservations for spaceflights, with tickets selling at a cost between $200,000 and $250,000 each."

Statistic 7

"As of 2021, Jeff Bezos' Blue Origin sold a seat on its first crewed space flight for $28 million."

Statistic 8

"Space tourism is expected to account for $3 billion in revenue by 2030."

Statistic 9

"An estimated 13,000 people could take a suborbital flight by 2028."

Statistic 10

"Over the past decade, space tourism sector has seen an investment of over $18.4 billion."

Statistic 11

"SpaceX's Falcon 9 full expendable configuration has a launch cost of $62 million."

Statistic 12

"SpaceX aims to launch six tourist missions a year from 2022."

Statistic 13

"Russia announced they were resuming space tourism in 2020, after a decade-long break."

Statistic 14

"For Blue Origin's moon lander mission, NASA awarded a contract of $579 million to the company."

Statistic 15

"Tickets for Blue Origin’s New Shepard vehicle are estimated to cost between $200,000 and $300,000."

Statistic 16

"Virgin Galactic sees a potential market of 2 million people who could afford its $250,000 flights."

Statistic 17

"As of August 2021, SpaceX has planned three private astronaut flights to the ISS, which could generate $450 million in revenue."

Space tourism is a burgeoning industry with promising growth potential, as indicated by the projected increase in market value from $0.7 billion in 2020 to an estimated $3 billion by 2030. The industry is expected to experience rapid expansion, with a compound annual growth rate of 17.3% from 2021 to 2027. With companies like Virgin Galactic and Blue Origin already securing reservations and selling tickets for spaceflights at varying price points, the demand for space tourism is evident. SpaceX’s ambitious plans for tourist missions and private astronaut flights further emphasize the market’s potential for revenue generation. As more players enter the space tourism sector and technologies advance, the future of commercial space travel appears promising as it aims to make the once distant dream of space exploration a reality for a wider audience.