The policies that shape the space tourism industry<\/strong><\/strong><\/p>\n\n\n\n For this realization, the government of Donald Trump (USA) has been instrumental in specific political decisions. More\nspecifically, in 2018 in the effort of President Donald Trump to further cut\nspending on the US federal state budget, he submitted the proposal to halt\nfurther funding-subsidising the International Space Station from the US federal\nstate budget and until the end of 2024. <\/p>\n\n\n\n This political decision of the US government forced NASA (National\nAeronautics and Space Administration) to start seeking funding from other\nsources in order to reduce expenditure related to research and operation which daily\nis an amount of around $8 million. <\/p>\n\n\n\n Therefore, NASA in this effort allowed private companies to use the\nInternational Space Station for both tourist and business purposes. As if they\nhad been ready for a long time, the pioneers and innovative billionaires seized\nthe opportunity to make their plans.<\/p>\n\n\n\n This NASA decision led to the decision of the Virgin Galactic by Sir\nRichard Branson to merge with the Social Capital Hedosophia investment firm.\nThe newly created corporate scheme will proceed to a public record in NYSE.\nThis strategic move will raise more funds that will obviously be used for the\nqualitative upgrade of Spaceship Two of Virgin Galactic, bringing competition\nto the upcoming space tourism even more. <\/p>\n\n\n\n NASA has already signed contracts with the company of Elon Mask “SpaceX” (Space Exploration Technologies Corp.) and Boeing Co. with aim to transfer her astronauts to the International Space Station. <\/p>\n\n\n\n At the same time, NASA announced that it will give permission to citizens who will pay the equivalent amount to be transferred through private space companies and remain for short time on International Space Station.<\/p>\n\n\n\n SpaceX and always within this framework intend to carry out tourist flights\nup to the moon. On the other hand, there are construction projects for space\nstation installations that will host for some day\u2019s citizens-tourists.<\/p>\n\n\n\n The role of the rich in the space tourism industry<\/strong><\/strong><\/p>\n\n\n\n All these actions have already excited many wealthy citizens who in turn\nhave already bought the first tickets to travel in space with Virgin Galactic.<\/p>\n\n\n\n This fact shows us, among other people, how wealthy citizens play an\nimportant role in a society and the most decisive role in shaping a new\nindustry that in this case is the space tourism industry.<\/p>\n\n\n\n More specifically, a new product or service that is initially characterized\nby its high cost of acquisition, at the beginning is a choice of very few-rich\ncitizens, and before this product or service becomes a public necessity and\npart of the necessities of life. Because today ‘s luxuries that appeal to the\nfew-rich citizens, are the future necessary goods and services for the many. <\/p>\n\n\n\n In addition, the new-incoming products or services in the lives of many\noften become available to most of the population only after for some initial specific period were luxuries for the few-wealthy citizens.<\/p>\n\n\n\n Essentially, a large part of the expense of the rich, is directed to cover\nthe cost of each type of experimentation on new products and services, which in\nthis way these products and services can later be made available to the poor.<\/p>\n\n\n\n As an example, we will mention innovative products and services such as\nmobile phone. The first mobile phones appeared in the 1980 in the form of satellite\nmobile phones and which were very expensive and for this reason they could only\nacquire them very rich people and high-ranking supreme state officials-in this\ncase was a state expenditure.<\/p>\n\n\n\n The fact that they were bought and used by very wealthy citizens, further\nencouraged telecom companies to invest even larger funds in their research in\norder to accelerate the evolution of this product and service making them\navailable after many years in the large population masses.<\/p>\n\n\n\n In this case the mass production of the mobile phone dramatically throws\nits cost in relation to the initial cost of satellite mobile phones, and\nbecause of the huge volume of sales because it is sold to the whole population,\nmaximize the profit.<\/p>\n\n\n\n The same was true for the plane and its services, the same was true for the\ncar and their services that when they were first presented both the same and\ntheir services were acquisitions only of very wealthy citizens.<\/p>\n\n\n\n Over time and with technological development, these products and services\nbegan to dramatically reduce the cost of obtaining them in relation to the\ninitial costs they had when they first appeared, making them accessible to most\npopulations.<\/p>\n\n\n\n We can therefore conclude that once the development of the medium and lower\nincome classes is accelerated, the supply of the rich with these products and\ntheir respective services ceases to be the main source of the big profit for\nthe companies that offer these and the huge demand gives way to efforts now\naimed at serving the needs of the overwhelming majority of the population.<\/p>\n\n\n\n Space tourism, with all these successful advances so far, lays the\nfoundations for a future thriving industry that will be addressed, from a time\nand beyond, not only to the rich but to most citizens of the planet.<\/p>\n\n\n\n Thanos S. Chonthrogiannis<\/strong><\/p>\n\n\n\n It is prohibited\nby intellectual property law or in any way illegal use of this article, with\nheavy civil and criminal penalties for the offender.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Innovative projects of pioneer billionaires such as Sir Richard Branson, Elon Musk and Jeff Bezos on the conquest of space seem to have matured…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[620,946],"tags":[808,803,807,804,805,802,801,806,800,809],"class_list":["post-794","post","type-post","status-publish","format-standard","hentry","category-business","category-companies","tag-boeing-co","tag-elon-musk","tag-international-space-station","tag-jeff-bezos","tag-nasa","tag-richard-branson","tag-space-tourism","tag-spacex","tag-the-new-industry-of-space-tourism","tag-virgin-galactic"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=794"}],"version-history":[{"count":1,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/794\/revisions"}],"predecessor-version":[{"id":796,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/794\/revisions\/796"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2019\/07\/320px-BFR_at_stage_separation_2.jpg\")
Photo by Author: Space Exploration Technologies Corp.,
Source: SpaceX Flickr, licensed Public Domain,
https:\/\/creativecommons\/publicdomain\/zero\/1.0\/deed.en<\/figcaption><\/figure><\/div>\n\n\n\n