The entry of the private sector into the space race brings new dimensions to the monetization of space technology; In this context discuss the prospects of space tourism and challenges ahead.

Topic: Awareness in the fields of IT, Space, Computers, robotics, Nano-technology, biotechnology and issues relating to intellectual property rights.

6. The entry of the private sector into the space race brings new dimensions to the monetization of space technology; In this context discuss the prospects of space tourism and challenges ahead. (250 words)

Reference:  Indian Express

Why the question:

Three high-profile billionaires — Richard Branson of Virgin Galactic, Jeff Bezos of Blue Origin, and Elon Musk of SpaceX — are all invested in space. Recently, the first crewed flight of Virgin Galactic’s VSS Unity carried Branson as a passenger.

Key Demand of the question:

Discuss the prospects of space tourism and challenges ahead.

Directive:

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction:

Start with brief context of the question through some facts.

Body:

The answer body must have the following aspects covered:

Discuss how Space tourism is gaining popularity in the field of Space.

Explain in what way the entry of the private sector into the space race brings new dimensions to the monetization of space technology.

Space tourism could soon be an option for the well-heeled adventure tourist. For instance, Virgin Galactic has received over 500 advance bookings at $250,000 per seat on the VSS Unity.

Discuss the potential and prospects that Space holds as a tourist spot.

Explain the advantages and challenges in detail.

Conclusion:

Conclude with way forward.