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Study Shows Large Space Tourism Market
HobbySpacer writes: "A serious market study has finally been done on space tourism and it shows a substantial market, even for brief sub-orbital flights. The
Futron/Zogby study of high income individuals found that 19% would pay $100k for a sub-orbital flight. Furthermore, 7% would pay $20M to go to the Space Station (if they had the money.) The percentages go up if the prices could come down, especially with availability of private orbital facilities. With around 30 million high-net-worth households ($500,000+) in the US, this indicates a market of several million for suborbital on the short term and eventually for orbital. We can hope that like previous expensive luxuries, e.g. jet travel and ocean cruises, the wealthy will pull the prices down to a level reachable by the rest of us."
Getting to space in the first place is the key to space tourism. That's where the X-Prize comes in...
Well, you can bid for a flight on eBay...
Unless you're going to be up there for a while, it's really not as interesting as you'd think. They sure won't let you press any buttons.
I have been pwned because my
would one open those little bottles of booze they give you in 0-G??
Furthermore, 7% would pay $20M to go to the Space Station (if they had the money.)
If I "had the money", I'd pay $3B for my own private space shuttle. Duh.
Was this study perchance done by the Center For Figuring Out Really Obvious Things? People want to see space? Whouda thunk it...
Shift happens. Fire it up.
Now if I could only come up with the 500k / year. :(
The same Captain Obvious who came up with this earth-shattering observation?
I'm sure Admiral No Fucking Shit has his own 2 cents to contribute. Maybe he'll figure out now that people think that it would be cool to go back in time too.
I'd give my left nut for a space ship. More interesting would be a study of which body parts people would be willing to trade for the ability to take a weekend excursion to Mars.
~D
Space tourism is a great idea.
1. Space research programs are strapped for cash.
2. Rich people have lots of cash.
3. Space research has long-term, not-very-tangible goals.
4. People who have lots of cash generally made it by focussing on short-term, tangible goals. Therefore, they are not likely to spend money on space research.
5. However, "going into space" is immediate and extremely tangible, not to mention fun.
6. So rich people will spend their cash on space tourism. And the profits will go to space research. Great!
There's still time to bid on this auction
Even with the initial boom in sales and media coverage that the first space turism company will get, it will most defenatly take more than a couple of decades before space travel is available to the masses.
Commercial Space Tourism.
Like all industries, first for the superrich, then for the rich, and then for the rest of us.
Expect things to go through several false starts first though.
...but only if they let me have the controls on re-entry. I would love to buzz the neighborhoods where a few people from my past live.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item =1352881188
Most people with worths between 500K and 1000K would be insane to pay 100 grand for a sub-orbital flight.
Think about it this way: Most people's equity is in their house, which, for "wealthy" families, usually costs around 500K.
So maybe they have their mortgage half-paid-off (which is uncommon). That leaves 250K-750K of money. Again, most, i'd say 75% or so, of that is in a retirement account, or some other form of non-liquid asset.
So you have somewhere between 60K and 190K of liquid assets. Do you really want to spend half-to-all of your assets on a sub-orbital flight lasting several minutes, at most?
In my book, you'd have to be insane.
The "wealthy people" discussed here are probably in double digits of million dollars of assets, or at least $5M or so.
Either that, or the "researchers" just asked "would you do this if you had the cash?" which is, pretty much, a bull-shit question. Its like saying "would you buy 30 houses, if you had the cash?" The people who *actually* have the cash still don't consider themselves "rich" enough to have it, as wealthy people tend to invest their money.
As noted in the excellent book "The millionaire next door," high income, and especially high expenditures and consumption, or a "rich" lifestyle, almost never correlate to a large amount of assets. People who live such a lifestyle usually never save up enough to maintain a large amount of assets.
Still am sure there are thousands of people who would pay for this stuff. But it is definately NOT the incredibly large amount of people they make it out to be.
What about a Space lottery? You sell lottery tickets and the grand prize winner gets a space trip (assuming they qualify physically). Runners up get suborbital flights. The profits could fund other space programs.
Finally!! A lottery a self-respecting geek can play without feeling like a mouth-breathing idiot!
Don't anthropomorphize computers, they don't like it.
Only the rich can afford to take advantage of new travel methods for the purpose of leisure.
Countries send people off to do new things, for national pride like the US and USSR space programmes in the 50's and 60's, then comes a time where it is for scientific advancements only, then come the rich people who can afford the high cost for personal pleasure, then it becomes a commodity available to the masses.
- This sig deliberately left blank. Nothing to see, move along.
It was only 80 years ago that "horseless carriages" were the "rich-man's toy".
We can hope that like previous expensive luxuries, e.g. jet travel and ocean cruises, the wealthy will pull the prices down to a level reachable by the rest of us.
I only hope someone invents "Extra Strength Dramamine" by then!
I'm angry, and I Meta Moderate!
Report fails to mention that 43% of those who responded favorably also thought that a trip to the planet where Kirk banged the green chick was part of the package.
with my current financial situation, it looks like i'll be going to the space station pretty soon. if i save every penny i can (post bills et al) i can buy a ticket in about 200,000 months.
fsck.
well, it seems that in the same vein. I tried to submit this earlier, but I presume that this article is the reason that it was rejected. :D
I found this while I was reading NASA Watch (a slashdot like site with space as it's main focus). It seems that they are Ebay auctioning off a trip to the International Space Station. Last I checked it was at $19 mil and hadn't quite met the reserve. Sounds like a market to me...
Do you know why the road less traveled by is littered with the bones of the unwary?
First of all, $500k isn't a high net worth, that's not even upper-middle class, it's just plain middle class. $500k is a guy with a house, a car, and not much else.
Secondly, the study itself was of people with $1m net worths, or $250k annual salaries, where did the submitter get that $500k figure anyway?
Lastly, a higher percentage of people said they'd pay $20m than is possible. Fewer than 7% of all people with a net worth > $1m have a net worth that would allow $20m to be spent on a vacation, which is contrary to what this study shows.
Who fucking cares?
This 1998 market study claimed a civilian space travel industgry was feasible. Lots of graphs.
On the same subject, Discovery or TLC ran a documentary last year that said commercial airliners within the next 30 years will be designed to fly to about 40-50,000 feet, refuel from a tanker, then climb steeply out of the atmosphere and coast to a landing. Passengers will be strapped in, no snacks, no potty break. Max trip time to anywhere in the world: 45 minutes. Now that's my kind of space travel.
So think twice before shelling out $98K for a suborbital flight. You'll be able to get your 20 minutes of weightlessness on a routine flight to Hawaii.
in the form of /. polls
How much are you willing to pay for a sub-orbital flight?
o Up to $10,000
o Up to $50,000
o Up to $100,000
o Pay? I didn't even pay for my OS!
o I wanna fly with CowboyNeal!
geek page at KY speaks
with the first dead rich tourist...
Private space stations?!?!?! Count me in--just think of what it'd be like to get laid in zero-g!
This is good news for Joe Normal who hopes to get in space sometime before death. More than that, it's good news for going into space altogether for ANY reason. Space resorts -> Space estates -> colonies -> spreading out across the galaxy. Overpopulation is going to make space look inviting as well.
Count me in!
Lots of really rich folks are pretty old, though -- was the study limited to respondents who are healthy enough to go?
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if you did the same study, except a 'sub-orbital flight' = touching cindy crawfords tits and a trip to space station was all out sex with cindy, i'm sure you would get very similar results with your study.
the problem, if cindy doesn't want you all up in her business, then the money doesn't matter.
NASA is not going to want tourists in their space station. cindy is not going to want CmdrTaco up in the puntang.
MARIJUANA, SHROOMS, X: ONLINE?! - E
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NASA acts like a bunch of prurient old maid temperance saloon bashers -- space is serious stuff only, no tourists no lookieloos no rubberneckers omigodno. We could have had space station hotels and cheap orbital access by now if NASA would just get out of the way. But noooo, space is for serious professionals only.
Infuriate left and right
It shoulda been SpaceCowboyNeal...
Infuriate left and right
Wasn't it just a few months ago that we were bitching about the fact that a member of N'Sync was trying to get into space any way he could? Interestingly, he recently had minor heart surgery with a possible motivation to be prepping for training. Sure you'd pay millions to go... but would you also go under the knife?
Perhaps if they *won* the money. Or, if they had the money to waste because they had so much of it. Really, if you gave these people $20M do you really think they would just go on the shuttle?
People say a lot about when they have the money. But if they got it, they'll realize the importance of money even more, and it is doubtless that their atitude will change.
Have you read my journal today?
Isn't it wonderful that so many governments of the world have harmoniously combined to build us a novelty hotel for everyone to visit in a prime piece of real estate?
Oh, wait. What was that massively blown out investment supposed to be for again?
Approximatly 10% of the population (30 million) have a household net worth of $500k, but I'm sure that includes their house, cars, etc. My guess is that even people who outright own their houses don't have 100k spare cash. And hey, wouldn't it be more fun to go on a year vacation than go for a suborbital flight for a hour or so?
I'd guess that the a lot of the 7% say they would do it if they had 100k, but if they really had it, they'd think of something more fun, or useful.
"And we have seen and do testify that the Father sent the Son to be the Savior of the World"
1 John 4:14
The submitter didn't bother to read the article he linked very well. According to that fluff article: "The high-net-worth market segment [defined later as $500k nw] has reached more than seven million in the U.S. and is projected to grow 16% annually for the next three years and control more than $30 trillion in assets at that point. (Web Finance)" The 30 million w/ $500k net worth is *projected* by the likes of Web Finance, and it's being promoted by a nonpartial group.
So you get a 1 year window of opportunity for who knows what the final bid is (my guess is the reserve is atleast 25mil) of which the profits (it's 20mil according to the spaceadventures.com site, so say 5mil profit) goes to benefit a foundation that supports a fund, that really supports a specialized unit that's purely dedicated to support patients (in the ENTERTAINMENT INDUSTRY ONLY) that suffer with a very specific diseas.
WTF ARE THEY SMOKING, AND CAN I BRING SOME OF THAT TO THE ISS WITH ME!?!?!?
-Malakai
A Dragon Lives in my Garage
Brilliant!
In other news, 100% of those surveyed would have sex with Pamela Anderson (if they could meet and seduce her)
Also, 100% of those surveyed would assasinate /bin/laden (if they had a sniper rifle and were 40 ft from him)
"The scientist describes what is; The engineer creates what never was." - Theodore von Karman
What an utterly perfect, though vulgar, analogy. However, think of it this way: You may be willing to pay Cindy $100,000 to touch her tits, but she ain't selling. Now, you find out that, say, Gretchen Mol (here playing the part of "another country's space agency") WILL let you touch her tits for $100,000, but there's a good chance you won't enjoy it _nearly_ as much. Still interested? Hmm...
:-)
(OT) I just saw Cindy in a commercial today. What a classy woman, she puts all these new waifs to shame
Freedom: "I won't!"
I mean, seriously. What's actually interesting about this? No doubt many people looked forward eagerly to the idea of going up in a plane. But what does it mean now? You sit for a while in a cramped seat in a long skinny room that vibrates. If you have a window seat, you might get a few nice sights. Few people look forward to it.
Space tourism will be the same. Once they get past the basic novelty and the nice views, most people are going to be bored in space. The interior of a spaceship will be a considerably less interesting place for a tourist than a cruise ship. And the food will suck, too.
Yes, Rochester Institute of Technology currently teaches a course titled 0622-534 Space Tourism Development
--- "Just because you can....aw shit do it."
When I retire I want to move into a space colony. Might sound unlikely but hey, that will be in 2040 or something like that.
Do we have to bring them back?
Let's take up a collection and send Senator Hollings.
What you mean they have to come back? Oh, never mind.
Anyone find our world remotely similiar to science fiction novels? It seems the only problem is we arent embrassing it. Wait I have an idea everyone go here and make a bid http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item =1352881188&r=0&t=0&showTutorial=0&ed=1022202391&i ndexURL=0&rd=1
...but I don't know about their puns:
Space is available, but it's filling quickly.
Donate background CPU time to fight cancer.
I recently went to dinner with my father, he is a employee of Rocketdyne in California, he has spent the better part of his career working on things for the Shuttle. A few months ago when the launched he was invited to Canaveral to be honored for his work at the launch. To put it mildly he loves being onvolved with the shuttle project, and is very well off (but he doesn't break that 5 mill number you propose, maybe 2 or 3 at best).
So anyways back to the dinner, i had just read a story about the Russian 100k sub-orital trip deal, and asked him what he thought. I was pretty surprised to hear how interested he was in it, no doubt he wouldn't risk his life on some crackpot ride... but if there was one available with a fairly proven track record i now know he would jump on the opportunity.
This is a very well educated and well informed person when it comes to space flight, and he loves the idea. It doesn't surprise me one bit that it's a fairly common view.
The only people who live lavish lifestyles are gangsta rap artists, dope dealers and armed robbers.
Cool ... the dope dealers want to go out into space ... perhaps we can sell them one-way tickets?
Sent from my ASR33 using ASCII
Of course.
dominionrd.blogspot.com - Restaurants on
Before I get old and frail, I might like to move to 1/6th gravity. I would not be likely to have children, and the cumulative doses of radiation would probably not have a great deal of effect on my lifespan. Balance that against the reduction in stress on my system from reduced g, I would probably live longer, and remain active longer. If I stayed out for long, I probably couldn't come back and re-adapt to full gravity again, so I would probably have to move out for good.
It's all fun and games until someone becomes vaporized in the stratisphere. Any company that starts space tourism on any real scale has to factor in such things as "What if the rocket blows up on the pad?" or "What if there is a problem that prevents reentry and you have a half dozen tourist suffocating in the cold of space live on television?" These things put a damper on significant investment.
The Moore-Murphy Law: The number of things that will go wrong will double every 2 years.
Challenger stunted the growth of NASA for a good decade after it's destruction. The only reason I think NASA survived was that it was government funded. An event like the one Invid is describing would not only send the company down in flames, but probably kill the entire industry Hindenburg style, at least until it becomes safer. Sure, it would be great and it would be fun, but the media bloodbath would be epic as well.
You need a FREE iPod Nano
To pay for US space program. That doesnt even count for the two shuttle flights a weeke required to get everyone up there!
Hello,
:-)
A couple weeks ago I put up a survey on my aviation site asking basically if poeple would become space tourists:
<A HREF="http://planenews.com>http://planenews.com </A>
So, would you go?
Thank you for participating
Gil.
PGP public key at: http://keskydee.com/gil.asc
Hello,
A couple weeks ago I put up a survey on my aviation site (planenews.com) asking if people would actually become space tourists. I am trying to get enough votes to make it relevant. Please have a look. Thank you for participating.
sincerely, Gil.
PGP public key at: http://keskydee.com/gil.asc
Hey, while we're at it, we can take a shuttle ride to China's new moon base built for scientific and humanitarian reasons (chuckle). It's only twenty million extra ^__^
You need a FREE iPod Nano
That's right, I'm selling sub-orbital flights for only $1000. Please line up, I can only fly one at a time. You may get a little dizzy, and your arms and legs may be a little sore, but I guarantee the ride of a lifetime. Please no one over 150 lbs... my back is a little sore this week.
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It's about damn time we started realizing the potential for commercial investment in space. There is so much money to be made "out there." Sure it requires a lot of new technology and a lot more money to get this industry rolling, but we need to educate the public and our kids, our politicians, and corporate big-wigs of the benefits that are awaiting us in orbit and beyond.