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Space Tourism

NSR Predicts Significant Growth of In-Orbit Servicing Market Over Next Decade

NSR’s In-Orbit Servicing Markets, 2nd Edition (IoSM2) report forecasts $4.5 billion in cumulative revenues from In-Orbit Satellite Services by 2028. While growth is anticipated across all applications in all orbits, GEO satellite life extension will yield the largest share of revenues. As more LEO constellations start to launch, NGEO players …

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Reaction Engines Takes Step Forward Following Design Review

The development programme of the world’s first air-breathing rocket engine from UK-based Reaction Engines, has taken an additional significant step forward, which will lead to major testing milestones being undertaken within the next 18 months. ESA, together with the UK Space Agency (UKSA) recently reviewed the preliminary design of the …

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Virgin Galactic Achieves Spaceflight Success, With Help From UAE Investment

Virgin Galactic, the private spaceflight company founded by Virgin Group chairman Sir Richard Branson achieved success on 13 December 2018 after its SpaceShipTwo Unity (VSS Unity) reached suborbital space for the first time over the Mojave Desert in California, United States. VSS Unity reached an altitude of 82.7 kilometres near …

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#SpaceWatchGL Op’Ed: Why We Should Continue To Invest In Space Exploration

By James Yenbamroong Mankind has always been defined by our collective curiosity. We constantly push for greater things, expanding our knowledge and influence over the world around us. Some achieved things that were previously thought impossible. The Wright brothers flew the first fixed-winged aircraft, Yuri Gagarin was the first man …

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Morgan Stanley Forecasts Space As A Trillion-Dollar Industry By 2040

It’s been nearly half a century since humans left footprints on the moon and during that time human space exploration has largely centered on manned low-Earth orbit missions and unmanned scientific exploration. But now, high levels of private funding, advances in technology, and growing public-sector interest is renewing the call …

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Japan’s ANA Holdings And Marubeni Partner To Build First Asian Spaceport

Japanese company ANA Holdings, best known for operating All Nippon Airlines, and trading house Marubeni Corporation have partnered to build a spaceport in Japan as early as 2021, according to a report in the Nikkei Asian Review. The spaceport will be used for private space travel, such as space tourism, …

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#SpaceWatchGL Interviews: James Yenbamroong On New Space Investments In The Asia-Pacific

Thai New Space entrepreneur James Yenbamroong, the founder and CEO of mu Space, is emerging as perhaps the preeminent New Space advocate, investor, and role model in Southeast Asia. He has articulated an exciting and bold space vision, is building a solid and cutting edge venture in the form of …

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Virgin Group Cuts Off Space Investment Talks With Saudi Arabia Amidst Khashoggi Murder Allegation

The Virgin Group, the parent company of Virgin Galactic and Virgin Orbit, has withdrawn from all discussions over a U.S.$1 billion investment in its space activities with Saudi Arabia’s Public Investment Fund (PIF) following the alleged torture and murder of dissident Saudi journalist Jamal Khashoggi in the Saudi Consulate in …

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Thai Space Entrepreneur James Yenbamroong To Launch $100 Million SE Asia New Space Fund

Thai Space entrepreneur James Yenbamroong, founder and CEO of Thai New Space company mu Space, announced on 9 October 2018 a plan to establish a venture unit in 2019 in a move to go international and to create opportunities other than satellite communications. Yenbamroong said that the planned venture unit …

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