- Blue Origin's (American Space startup) NS-25 mission will take six passengers to space tourism this month.
- Space tourism refers to traveling into space for recreational purposes.
- Space tourism refers to traveling into space for recreational purposes.
- Types of Space tourism:
- Suborbital space flights (altitude of 100 km referred as Karman Line),
- Orbital Space Flights (altitudes over 400 kilometers) and
- Lunar space tourism (full trips to moon).
- According to estimates, global space tourism market size is expected to grow at compound annual growth rate (CAGR) of 44.8% from 2024 to 2030.
- Factors Responsible for Growth:
- Advancements in Technology: Reusable rockets, improved spacecraft.
- Public Interest and Awareness: Media coverage, documentaries.
- Diverse Offerings: space hotels, leisure time in space.
- Reduced Costs, economies of scale.
- Innovative Business Models: Partnerships, crowdfunding.
- Government Support: Incentives, regulatory frameworks.
- Concerns: Space debris pollutes Earth's atmosphere, ethical consideration- affordable by rich only, regulatory issues such as who’s liable in case of accident, health issues due to microgravity effects, radiation exposure etc.
- Existing Legal Framework: Outer Space Treaty (1967), Convention on International Liability for Damage Caused by Space Objects etc.
- Way Forward: Promoting inclusive and green space tourism, developing comprehensive regulatory framework etc.