Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts [CNBC]
United Airlines Holdings, Inc. (UAL)
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Source: CNBC
Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts Source: Virgin Galactic Virgin Galactic's First Spaceflight on December 13th 2018 UBS believes there will be very lucrative ramifications from the space flight efforts currently led by Virgin Galactic, SpaceX and Blue Origin. A lengthy UBS report published on Sunday found that, in a decade, high speed travel via outer space will represent an annual market of at least $20 billion and compete with long-distance airline flights. Space tourism will be a $3 billion market by 2030, UBS estimates. "While space tourism is still at a nascent phase, we think that as technology becomes proven, and the cost falls due to technology and competition, space tourism will become more mainstream," UBS analysts Jarrod Castle and Myles Walton wrote in the note. "Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space." UBS expects the broader space industr
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