I have $125,000 in my bank account.
And I have to make a choice ...
Shall I invest the money in an index fund (boring) or buy a space flight ticket?
The second option is what I want to talk about today.
I discovered the startup last week and got fascinated by the way the company is re-thinking space tourism.
Instead of building expensive rockets to bring people in space, Space Perspective is manufacturing space capsules attached to a stratosphere balloon that can reach space at a much cheaper cost.
Yep. You can now buy a return ticket for space for just $125,000
Not bad right?
The flight lasts 6 hours and the capsule floats for 2 hours in space before descending into the sea where a ship awaits to help passengers disembarking.
What I like the most about Space Perspective is that the startup is advancing what I like to call the Innovation Cost Ladder.
When innovations enter the market these have often ridiculous price points ... think of the computer for instance.
But then thanks to a collective industry effort, costs go down and little by little the innovation becomes more accessible to everyone.
This is exactly what's happening in the space industry.
First, SpaceX found a way to reuse rockets to cut down costs.
Now Space Perspective.
Sorry, just read that all of the startup's 500+ seats available for 2024 have already sold out!
Need to book that ticket fast!
Written by Giacomo Bottoli
Read the full story here: https://www.startupsstories.com/startups/space-perspective