Commercial Space Travel Will Soon Become A Reality

Commercial Space Travel Will Soon Become A Reality

- in Space Travel
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The commercial space race is heating up.

Jeff Bezos announced that he’s selling $1 billion in Amazon ( AMZN)  stock annually to finance his Blue Origin rocket company. And he’s far from the only CEO with a commercial space travel company who wants to take you on a trans-orbital vacation. Let’s face it, your nerd dreams of making space your ultimate luxury vacation frontier will probably happen in your lifetime. It’s just a matter of affording it.

Let’s take a look at seven companies competing for a slice of space exploration. Larger engineering companies like Lockheed Martin  (LMT)  and Boeing  (BA) are also throwing their hat into the ring, and it’ll be interesting to see which company ultimately benefits the most from interplanetary traveling.

SpaceX

Spaceship names: Dragon Spacecraft and Falcon 9 Rocket Crazy wealthy backer: Elon Musk of Tesla  ( TSLA) Fun fact: They just launched a reused rocket!

Orbital Sciences

Spaceship names: Cygnus and Taurus 2 rocket Backer: Orbital Sciences  (ORB) , a publicly traded company Fun fact: Was just awarded a $78.18 million contract to “provide integration and testing services for the space test program satellite-6 (STPSat-6) through August 2021.”

Bigelow Airspace

Spaceship names: Sundancer and BA-330 Crazy wealthy backer: Robert Bigelow of Budget Suisse Fun fact: For the last 16 years, the company has been advancing inflatable habitat technology.  

SpaceDev/Sierra Nevada Corp.

 

 

Blue Origin

Spaceship name: New Shephard  Crazy wealthy backer: Jeff Bezos, founder of Amazon ( AMZN) Fun fact: Blue Origin secured its first paying client, satellite company Eutelstat, last month.
Spaceship Name: Dream Chaser Backing: Sierra Nevada Corp., of Sparks, Nev. Fun fact: NASA selected the company for anticipated cargo missions to fly between 2019 and 2024.

Virgin Galactic

Spaceship Name: SpaceShipTwo
Crazy wealthy backer: Richard Branson, founder of Virgin Group
Fun fact: The company charges $250,000 a person for membership in the Future Astronauts program and a trip to space.

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