Please ensure Javascript is enabled for purposes of website accessibility

Blue Origin Prepares Space Tourism Launch

By Lou Whiteman - May 5, 2021 at 9:41AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Jeff Bezos' space start-up could start taking reservations as soon as today.

Look out, Virgin Galactic Holdings (SPCE 2.01%): Competition is coming to the space tourism industry.

Jeff Bezos' Blue Origin is expected to open up ticket sales for trips on its New Shepard spacecraft, and its website said that details of its commercial offering would be shared today. Reuters reported the company will announce the cost of a ticket, the timing of the first flight, and other details about its space tourism plans.

Aerial view of liftoff.

A launch of Blue Origin's New Shepard from West Texas. Image source: Blue Origin.

Blue Origin's tourism plans have been a closely guarded secret for years, but Reuters in 2018 said that the company planned to charge at least $200,000 per seat for a suborbital trip into space. The offering would compete directly with Virgin Galactic, which has a waiting list of consumers interested in paying about $250,000 for a brief journey into the stars.

Virgin Galactic had hoped to be flying tourists already, but its current plan is to begin service in 2022. Investors will get an update on its progress on May 10 when the company announces quarterly earnings.

The New Shepard is designed to fly six passengers about 100 kilometers above the Earth, high enough to experience weightlessness and see the curve of the planet.

In addition to Virgin Galactic and Blue Origin, Elon Musk's SpaceX also plans to launch civilians into space in the years to come.

Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Virgin Galactic Holdings Inc. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Virgin Galactic Holdings, Inc. Stock Quote
Virgin Galactic Holdings, Inc.
$7.12 (2.01%) $0.14

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/12/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.