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NSSC Case Study Round 1 Space Tourism: Team: Sagittarius A
NSSC Case Study Round 1 Space Tourism: Team: Sagittarius A
ROUND 1
SPACE TOURISM
TEAM: SAGITTARIUS A*
PARTICIPANT DETAILS:
1. Vaibhav Krishna 2. Yash Vinod,
Singh Raghav,
PI 2181 PI 2202
Indian Institute of Indian Institute of
Technology (BHU), Technology (BHU),
Varanasi Varanasi
Phone: 9309582025 Phone: 9789865301
1
Space Tourism
3
Vaibhav Krishna Singh Raghav, Yash communicating. Likewise, space tourism can be
Vinod, Indian Institute of Technology viewed as a new and exciting segment of the
(BHU), Varanasi already enormous and ever-expanding world
tourism industry. Conducting case studies of the
future tourism industry necessitates the
consideration of space as a popular tourist
Abstract
destination too. Space tourism is as such a new,
Space tourism is an area which is yet to be incomplete and untested market niche. Few
explored by us, much in part due to the lack in resourceful people can call themselves a space
available technology in the past. However, now, tourist, mainly due to the fact that the trips they
quite a few private companies have pitched took were way beyond the monetary reach of any
themselves into the race to make the field their average tourist. However, with some companies
monopoly. While launching humans into space bringing forward their plans to bring space
has been performed since the 1960s, launching tourism to the mainstream and to make it more
them for tourism has been seldom done in the affordable towards the common population, this
past, and has more or less been a money-intensive field looks to gain traction, and could even
gig, with only a few high-paying individuals become a major role player in the future economy.
willing to shell out the huge sums needed to
finance their flight. Space tourism is a new,
incomplete and untested niche of the tourism
market, and thus, we do not have extensive rules
governing it for now. A few millionaires have
sponsored trips for themselves to the International
Space Station in the past. Despite being a niche
field, space tourism has the potential to be
profitable as a long-term business, provided it is
sustained by a reliable business model and
adequate technology and safety precautions.
The various steps that would be involved in and hence earn better profits. Many big
making the idea of a space tourism business into entrepreneurs have considered investing in this
reality, are: venture.
1. Research into the field. Understanding Some of the leading organizations and respective
how the current economy is running and entrepreneurs that are making great progress are:
how the trends are going around is a key
element in planning a space tourism
business. Starting such a business during
1. Space X | Elon Musk
times of recession will result in huge losses,
so to prevent this situation from happening,
2. Virgin Galactic | Richard Branson
market analysis is essential.
3. Zero 2 Infinity | Jose Mariano Lopez
2. Possessing the technology necessary to
4. Blue Origin | Jeff Bezos
launch and sustain humans in space is the
most important requirement. This
5. World View | Jane Poynter
technology can either be self-developed or
can be borrowed from another agency.
Most private companies in the field are
developing their own unique technologies ZERO 2 INFINITY
that they can use to conduct space tours.
This is a company led by Jose Mariano Lopez
3. Creating a proper business model to which has been working on sending humans to the
sustain the venture. This requirement is also near-space environment for the last decade. The
just as important as the technology vision of this company is that they are looking
requirement. It would not be a business if it forward to providing a space trip at an affordable
didn’t bring in any profits by the end of the price and in a quick way.
day. “Space should not just be for big companies.
Small companies, schools, universities and lovers
4. Marketing the venture. While space of our Earth and space should be able to
tourism is anyway a costly proposition, contribute.”
marketing it to the masses will ensure
increased participation, and will guarantee Bloostar technology has been developed by this
more revenue. company for short trips to space in pods designed
for up to 6 individuals. The pressurized capsule is
attached to a very large helium balloon which
would take the pod up to the upper atmosphere,
from where the pod will launch and propel itself
further upwards.
A. ORGANIZATIONS
BLUE ORIGIN