SpaceX is revolutionizing the space race with reusable rockets. Within decades of launch, the company, owned by Elon Musk, has signed contracts with NASA to blow up astronauts to the International Space Station (ISS) and announced designs for manned Mars missions. And SpaceX has now set itself the goal of transforming terrestrial travel and making traditional long-distance travel obsolete, experts say.
A journey from London to New York currently takes more than eight hours, but SpaceX could dramatically shorten that flight time
But traveling between the two cities would only take 29 minutes with Elon Musk's SpaceX Starship, experts say.
Driving over space from A to B on Earth could "exploit" the current market for a long time. Transportation Travel.
UBS believes the market for point-to-point rocket travel will reach £ 1
SpaceX missiles traversing the upper atmosphere could play a crucial role In the future of long-haul flights on Earth, financial experts have said.
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And this extraterrestial rial travel from the Space is a potentially lucrative market for Elon Musk's SpaceX and Richard Branson's Virgin Galactic, who have also joined the space tourism race.
Jarrod Castle and Myles Walton, analysts at UBS, said, "Although some might regard the potential for using space to serve the long-haul travel market as science fiction, we believe there is a large market.
"While space tourism is still in an up-and-coming phase, we believe technology has worked well and costs are falling due to technology and competition, and space tourism is becoming more and more mainstream. Experts estimate that long-haul flights, such as the notorious London to Sydney – which may currently take 23 hours – would take less than an hour on a SpaceX spaceship rocket.
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And SpaceX could also do tourism for Mars and ot yours Planets are a reality, said the USB analysts.
Such developments could cause the space industry, which currently has a value of around £ 300 billion ($ 400 billion), to rise to £ 610 billion ($ 805 billion) within a decade.
Private companies have accelerated the race for the exemption of paying passengers beyond the Earth's atmosphere.
UBS predicts that the market may be lucrative, even if a small percentage of the passengers on the rocket go from A to B.
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In 2018, more than 150 million passengers spent more than ten hours on a long-haul flight.
The SpaceX spacecraft rockets have a capacity of 100, and that's all Small size can be a limiting factor in the foreseeable future.
According to USB, it is unlikely that a rocket will soon carry more than 300 people, but more frequent flights could solve the problem.
The British galactic of Richard Branson invites £ 190,000 ($ 250,000) for a seat on one of his commercial flights have announced to blow passengers into space this year.
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He said: "By July, we should have done enough testing."
But Sir Branson does not want to make any promises he can not keep: "I have to wait for our team to say that they are 100 percent happy, I do not want to push them."
According to Sir Richard, he is Next test flight of the SpaceShipTwo scheduled for February 20 depending on the weather conditions.