Investment in Commercial Spaceflight Soaring

XCOR's Lynx suborbital vehicle
XCOR's Lynx suborbital vehicle

Report: Commercial Spaceflight Investment on the Rise
Space News

U.S. firms seeking to open space to private citizens saw a modest 6 percent growth in 2008 with over a quarter of a billion dollars in total collective revenue last year, though investment in the emerging personal spaceflight industry rose more than 20 percent since January 2008, according to highlights of an annual report commissioned by the Commercial Spaceflight Federation.

Carissa Christensen, co-founder and managing partner of the Alexandria, Va.-based Tauri Group, a market research firm that prepared the report, said the findings were based on interviews with 22 U.S. commercial spaceflight companies, including most members firms of the Commercial Spaceflight Federation.

Commercial Spaceflight Federation President Brett Alexander said the report shows a dramatic change in the industry over the past several years.

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