Thursday, May 23, 2013

NewSpace Age

The NewSpace industry seems on the verge of finally becoming an industry.  Both Virgin Galactic and XCOR plan major test flights for their respective manned spacecraft-- SpaceShipTwo and Lynx-- that could lead to the commencement of commercial operations shortly thereafter.  Both companies have already sold hundreds of tickets.  Companies are also offering a range of products, from suborbital hops to lunar voyages, and even lunar landings.

Industry execs say its also becoming easier to secure funding and attract private investors as business plans firm up.

The next few years could be quite something.

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