Flights from London to New York in 29 minutes: Experts anticipate passenger travel with space rockets

A Swiss investment company warned that long-haul flights in a rocket could soon make air travel virtually obsolete.

UBS financial experts said a trip from London to New York would take 29 minutes and less than an hour in Sydney on Elon Musk's space shuttle SpaceX Stars. And they argue that traveling from one point to another on Earth while traveling in space could "devour" the current travel market by more than 10 hours.

UBS estimates that the travel market for these rockets will have a value of $ 19,700 million per year by 2030. The space tourism sector will have a value of $ 3,000 million by 2030.

Experts say the future of long-distance travel on the planet will include rockets that will enter the upper atmosphere before returning to Earth, the British newspaper reported. DailyMail. And these high-speed space travels represent a very lucrative market for companies such as SpaceX and Virgin Galactic, which are participating in a space tourism race.

Jarrod Castle and Myles Walton, badysts at UBS, said: "While some may consider this to be science fiction, we believe that there is a large market and that even though space tourism is still its infancy, technology and costs are dwindling due to competition, access to these flights will become more general. "

In addition, they said that space tourism to Mars and other planets would become a reality, with the registration of hotel companies for the construction of outposts on space stations.

Richard Branson – Founder of Virgin Galactic – Elon Musk – founder of SpaceX – and Jeff Bezos, CEO of Amazon, launch the race for the launch of pbadengers.

In 2018, more than 150 million pbadengers spent more than 10 hours on a long-haul flight.

Elon Musk Starship rockets have a capacity of 100 people, and the size of the spacecraft can be a limiting factor in the foreseeable future. UBS said it was unlikely that a rocket would soon transport more than 300 people, but that more frequent flights could solve the problem.