This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Space Is the Place for New Travel Destination

Instead of buying plane tickets to Hawaii for Christmas vacation in 2012, you could take your family for a five-minute trip into space.

So claims Steven G. Wurst, president of Space Access, which plans to build a fleet of eight vehicles for suborbital flights. He notes that his company, founded in 1994, expects to send tourists into suborbital space by 2012 "for about the price of an ocean cruise" and into low Earth orbit by 2015 for "roughly the price of chartering a small business jet." That is, up to a few hundred thousand dollars.

A suborbital flight will take you just outside of the Earth's atmosphere, about 62 miles above the ground, and reach a top speed of 4,500 mph. This is not high or fast enough to put the spacecraft into orbit, but you will still get to experience weightlessness for a few minutes. Entering low Earth orbit, your spacecraft will reach a height of at least 100 miles above the planet's surface and fly at speeds approaching 17,500 mph. The spacecraft will orbit the Earth every 90 minutes. Clients will be able to spend up to 10 days in space.

Space Access plans to build a fleet of vehicles to send tourists into suborbital space by 2012 "for about the price of an ocean cruise," company President Steven G. Wurst says.

And Wurst isn't the only one hoping to cash in on space flight for the everyman. A slew of other entrepreneurs are following suit. Following, an overview of the nascent industry.

Space tourism, now and then: One day, you may be able to travel to a regional spaceport, like the one being built by space transportation company PlanetSpace on Cape Breton Island in Nova Scotia, and hitch a ride on a rocket to the stars. Major aerospace players like Lockheed Martin (LMT - Get Report) and Boeing (BA - Get Report) are providing funding, support and technology for PlanetSpace's spaceport and spacecraft.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BA $154.52 -0.67%
LMT $199.02 -0.46%
AAPL $128.82 -0.42%
FB $80.17 0.72%
GOOG $574.92 0.22%

Markets

DOW 18,069.14 -134.23 -0.74%
S&P 500 2,096.91 -10.87 -0.52%
NASDAQ 4,964.9670 -14.9340 -0.30%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs