The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published this month.
A further decline in the cost of accessing space would create more opportunities for technological expansion and innovation, unlocking more services from orbit such as satellite broadband and manufacturing, the bank added.
Space industry is on its way to $1 trillion in revenue by 2040: Citi (cnbc.com)
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it’s not surprising that private astronauts will spend tens of millions of dollars for a trip to orbit, and the companies providing those trips. However, if the industry is to grow and be sustainable, companies, their customers, and the public will have to get used to people who want to fly to space for fun..