Private jets and mega yachts are passe’ – Thanks to Jeff Bezos, Elon Musk, Richard Branson, and other billionaires turning to the stars it is space that has become luxury’s new frontier.

Billionaire Richard Branson floats in zero gravity on board Virgin Galactic’s passenger rocket plane VSS Unity after reaching the edge of space on July 11, launching a new era in luxury experiences. Photo: Virgin Galactic/Handout via Reuters

This article is part of STYLE’s Luxury Column
True luxury is always extreme. Extreme rarity. Extreme dedication. Extreme craftsmanship. And extreme experiences. To the point where a true luxury experience can be called a once-in-a-lifetime experience.

In the 1950s and 1960s, the emergence of intercontinental flights made a trip from New York to London or Paris to Shanghai such a special occurrence, especially in first class. But with the commoditisation of air travel, low-cost carriers on short haul and long haul routes, with even the furthest places on Earth just a few hours away, flying has lost its magic to a large extent.

Amazon and Blue Origin founder Jeff Bezos talks to the media about the New Shepard rocket booster and Crew Capsule mock-up at the 33rd Space Symposium in Colorado Springs, Colorado, US in April 2017. Photo: Reuters

It’s therefore not surprising that space is becoming the next frontier in luxury, with the billionaires Elon Musk, Jeff Bezos and Richard Branson competing in the exploration of space. Before embarking on his historic space flight last weekend, Branson stated on his Instagram page: “My mission statement is to turn the dream of space travel into a reality.”

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SpaceX owner Elon Musk said in December 2020 that he was “highly confident” his company would transport humans to Mars in about five years, according to CNBC. Photo: AFP via Getty Images/TNS

Musk’s SpaceX took a crew up to the International Space Station (ISS) in 2020 with its Dragon spacecraft. The flight was part of a larger mission to ultimately take humans to Mars.

A SpaceX Falcon 9, with Nasa astronauts Doug Hurley and Robert Behnken in the Dragon crew capsule, lifts off from the Kennedy Space Centre at Cape Canaveral, Florida on May 30, 2020. Photo: AP Photo

Not surprisingly, the spacecraft was not only a functional marvel, Musk also revolutionised the piloting interface, making it resemble a Tesla Model S interior more than a traditional spaceship. Of course, spacesuits add in an element of fashion too, signalling that a new, “luxurious” era of space travel has begun.

Billionaire Richard Branson reacts on board Virgin Galactic’s passenger rocket plane VSS Unity after reaching the edge of space above Spaceport America near Truth or Consequences, New Mexico, US on July 11, 2021. Photo: Virgin Galactic via Reuters

Branson’s Virgin Galactic has now made the first successful tourist flight into space, with Richard Branson as “Astronaut 001”. That includes the company building an impressive spaceport: “Spread across 27 square miles [70 sq km], Spaceport America is our centre of flight operations, and the world’s first purpose-built commercial spaceport,” the company stated. Different to a traditional rocket, Virgin’s spacecraft is attached to a mother ship and detaches at about 15,240 metres (50,000 feet) for the final climb into space.

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SpaceShip Two Unity 22 under thrust heading towards space after separating from the carrier plane above Spaceport America, in Truth or Consequences, New Mexico, US, on July 11, 2021. Photo: EPA-EFE/Virgin Galactic

This approach allows for an efficient and smooth experience, opening up space travel as the ultimate luxury experience at prices starting at about US$250,000. After the first successful space flight, The New York Times estimates there are 600 reservation holders from almost 60 countries on the waiting list, underscoring the appeal of the new luxury experience.

Each of the upcoming astronaut tourists will have a once-in-a-lifetime experience, observing Earth from space and feeling weightless. Experiences impossible to have on Earth. With Jeff Bezos’ Blue Origin joining the companies offering space travel on July 20, it will only be a question of time before this luxury becomes available to a broader audience. For now though, space is the next extreme frontier of luxury.

Note: This story was originally published on SCMP and has been republished on this website.

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