Space tourism will be a $3 billion market by 2030, UBS estimates. Boeing has plenty of money, so it might as well invest a tiny bit of it in space travel. On Tuesday morning, Boeing announced that it intended to invest $20 million investment in Virgin Galactic, the space tourism company founded by Richard Branson.

2020's Hottest Vacation Spot Will Be the ... the space tourism company started by the ... meaning the last spot could be up for grabs for a space tourist. Boeing and SpaceX Are Racing to Bring Astronauts, Then Tourists, to Space Boeing and SpaceX have a busy year proving they can replace NASA’s defunct shuttle program. Work also continues towards developing suborbital space tourism vehicles. This programme was designed to increase involvement from private sector companies in the production of crew vehicles to be launched into orbit. Posted . On Tuesday morning, Boeing announced that it intended to invest $20 million investment in Virgin Galactic, the space tourism company founded by Richard Branson. News Agency Boeing's space tourism: flying the 'friendly' skies. While Virgin was an early mover in prospective space tourism, a suite of others are in the game today. The Boeing Company emerged as a major player in the space tourism industry when it signed an agreement with NASA as part of their Commercial Crew Development programme. There are several different types of space tourism, including orbital, suborbital and lunar space tourism.

To date, orbital space tourism has been performed only by the Russian Space Agency. Boeing is responsible for maintaining the station at peak performance levels so the full value of the unique research laboratory is available to NASA, its international partners, other U.S. government agencies and private companies. NASA selected Boeing as prime contractor for the International Space Station on Aug. 17, 1993, and the original cost-plus-award-fee contract began on Jan. 13, 1995. Boeing Co's proposed space taxi for NASA astronauts includes a seat for paying tourists to fly to the International Space Station - a first for a U.S. space program. The Boeing Starliner space taxi could see demand from tourism and foreign governments, potentially lowering costs enough for space flight to be accessible beyond the very rich. Space tourism is human space travel for recreational purposes.

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