08Jul2018

Eight Ways Commercial Space Travel Will Change Things

Space travel for everyone can be a little difficult to image with our current technology levels. However, companies like SpaceX and Blue Origin are working to make it happen.

SpaceX, Blue Origin and others are working on making space travel feasible

We asked members of the Forbes Technology Council what they thought the future of commercial space travel might look like, and what it could mean for the future of technology. The answers suggested breathtaking new opportunities for humans and for the commerce in general, given time and focus.

1. Mankind’s Next Frontier

It’s critical to conquer space to ensure the long-term survival of mankind. Short term, it’s great to see those with vision and financial strength taking these bold steps to further our space capabilities. Government and political space endeavors can’t match commercial and entrepreneurial drive. Let’s hope these space pioneers find real, sustainable business models that flourish and grow in the long term. – Rick Braddy, SoftNAS Inc.

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2. Endless Opportunities

SpaceX, Blue Origin and others are working on making space travel feasible. While competition here is building, what we are seeing is nothing compared to what we will see in the coming years, once space mineral exploration becomes a reality. Here we will see a return to the gold rush days, with hundreds, if not, thousands of competitors entering the space exploration market. – Daniel Levitt, Bioz

3. Lower Earth Orbit

I think we’ll see the private space industry gear up to sell lower Earth orbit tickets to wealthy individuals. As competition continues to increase, prices will decrease, making space exploration a reality for many people. – Thomas Griffin, OptinMonster

4. More Resources

It’s always a good sign that another big company with access to a lot of resources jumps in. Amazon is going to help make space travel accessible (relatively speaking). This successful first flight proves that they are serious in their endeavor. Not that SpaceX was not serious already, but Amazon’s entrance would give them another reason to improve their technology even further, even faster. All in all, it is definitely a great news for the space industry. – Vikram Joshi, pulsd

5. Hospitality In Inhospitable Environments

The advancement of space-faring technologies is exciting. With private sectors competing to create commercial space travel options for consumers, the not-so-distant future offers opportunities mankind has only dreamed of. Over the next few years, this will evolve into space hospitality; orbiting hotels and moon resorts are already being designed. It will be awe-inspiring to see. – Michael Gargiulo, VPN.com

6. Exposure To Space Radiation

We need to remember that there are big risks of radiation exposure when thinking of commercial space travel. For example, on the Mars mission, it is predicted that a human could be exposed to unpredicted deadly doses of radiation. Some suggesting that some special shelters would be needed to protect astronauts, others suggesting the AstroRad, a space suit to protect crewed missions against deep space.  – Dr. Karin Lachmi, Bioz

7. Innovation Enabled

The space race gave us tremendous advances in technology. As this race opens up to private enterprise, there will be an exponential rise in innovation and basic scientific research, which will enhance many sectors. There will be multiple companies that will take us to space, the moon and potentially beyond. This will open doors for us to be a multiplanetary species or potentially a nonplanetary species. – Viren Gupta, Eponym

8. Something Bigger

The transition from a government-backed, highly regulated industry in the 20th century to a private sector-driven environment where competition thrives in the 21st century has created a highly marketable and fast-moving industry. The space industry will continue to skyrocket thanks to investors, and lead to many advancements that not only include heading to Mars but space resource mining, quicker travel, and much more. What we are seeing now is just the beginning of a space industry that is continuing full steam ahead. – Alexandro Pando, Xyrupt  Source: Forbes

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