Commercial Space Travel Will Soon Become A Reality

The commercial space race is heating up. 

Jeff Bezos announced that he's selling $1 billion in Amazon (AMZN - Get Report)  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 - Get Report)  and Boeing  (BA - Get Report) 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
SpaceX

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

Orbital Sciences
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
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.
SpaceDev/Sierra Nevada Corp.

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
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.

Blue Origin
Blue Origin

Spaceship name: New Shephard 
Crazy wealthy backer: Jeff Bezos, founder of Amazon (AMZN - Get Report)
Fun fact: Blue Origin secured its first paying client, satellite company Eutelstat, last month.

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