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Space tourism takes off and opens colossal market


24 September 2021

Space tourism is definitely on the rise. According to Bank of America Merrill Lynch, it could represent USD 2.700 billion by 2045, against 400 billion today. On September 15, the Falcon 9 rocket took its first four space tourists into orbit. Faced with the projects of its competitors Virgin Galactic and Blue Origin, SpaceX stands out for its track record in sending astronauts to the international space station over the past years.

It is the first mission to send into orbit around the Earth only complete novices, without a professional astronaut on board. Called Inspiration4, it was chartered and financed by billionaire and American pilot Jared Isaacman.

Privatising space exploration

SpaceX’s latest feat show how companies, more than governments, are doing the heavy lifting of space exploration. They are now more able to innovate, manufacture and lower costs. The growing demand in suborbital and orbital flights will provide a springboard for developers of reusable rockets and allow them to continue to improve their products, and therefore reduce the costs.

Many other companies have projects like SpaceX:

Capital gravitating towards the industry

With a flourish of trips and projects in the pipeline, some players in the financial industry are eager to take a head start in space tourism. La Financière de l'Echiquier has just launched in Switzerland the first European investment fund in space stocks.

Four themes will be addressed by the fund. First, the activities in space, satellites and constellations of satellites and other space assets. Then, the sending to space and the return to Earth, as well as the communication solutions between these two borders.

Within the same days of the fund launch, the London Stock Exchange welcomed YODA, the first ETF in Europe based on the space economy. Stay ahead of the curve with our expert blog and invest in aerospace and tech stock CFDs on Axiance

Start trading now!

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