Business

Recently, space travel has become the new fad again. More and more governments are spending a lot of money on space travel projects. According to CNN, within the next 20 years, the U.S. will signing contracts that total well over $400 billion to send a human to mars.

The Private investments in space travel has also increased. They have now begun to exceed government spending. What is the likely reasoning behind all this? Profit. Now there is huge money to be made, that is if you first have it to invest.

Will there be any immediate profit to be made? 99.9% not, unless we dont mess up another billion dollar project to mars. But then again those who are investing have the money to spare.

Many of the projects that companies are investing in are $4 billion satellites. A new major movement is to build infrastructures in space. An excerpt from the Money section of CNN.Com:

Building infrastructure is the first step, and here historical analogies abound. The federal government is poised to begin contracting with the private sector to deliver cargo into orbit, a trend that could nurture a market for civilian spaceflight in much the same way that airmail contracts from the Post Office spurred the development of civil aviation a century ago. Prize money — the incentive that launched Charles Lindbergh — is now being offered for everything from building a machine to extract oxygen from lunar soil ($250,000) to building an aircraft capable of delivering tourists to orbit by 2010 ($50 million).