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Insurance Times

The final frontier: Insuring the rise of space tourism

Insurance Times
Summary
Nutrition label

67% Informative

Commercial space tourism projected to grow from $ 827.2 m ( 622 m) industry in 2023 to almost $13bn (9.77bn) by 2032 .

Lack of historical data and uniform regulation leaves insurers interested in this line of business stalling.

Virgin Galactic’s first commercial space tourism flight was only last year in June 2023 .

Gallagher: 'The US is further ahead in terms of regulation, but it’s still very, very piecemeal' Spain is also worried that too much regulation could “curtail” the growth of the industry.

Insurance industry will play a crucial role in shaping the future of space tourism.

VR Score

73

Informative language

77

Neutral language

18

Article tone

informal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links