Will We Take Vacations In Space?

Why tickets for a two-hour flight are going for $98,000

When Mike Kelly first set out to build his own private space-ferry service, he figured his bread-and-butter business would be lofting satellites into high-Earth orbit. Now he thinks he may have figured wrong. "People were always asking me when they could go," says Kelly, who runs Kelly Space & Technology out of San Bernardino, Calif. "I realized the real market is in space tourism."

According to preliminary market surveys, there are 10,000 would-be space tourists willing to spend $1 million each to visit the final frontier. Space Adventures in Arlington, Va., has taken more than 130 deposits for a two-hour, $98,000...

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