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Mar 20, 2019

Analysts: Rocket Jumps Between Earth Cities Could Smash Airlines

Posted by in category: space travel

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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