Investment Hotel and Healthcare Tourism Business Law in Space

Private commercial space tourism carrying passengers to outer space is no longer a distant or far-fetched fantasy, rather it is at verge of becoming an affordable reality with exponential development in space technology including development of Reusable Launch Vehicle (RLV), increasing involvement of private companies like Virgin Galactic, SpaceX, Blue Origin etc. Into research and funding of space tourism explorations and applications. It is also receiving huge attention from the public. These developments reflect the infinite possibilities and inevitability of space tourism in near future. However, space tourism may also pose many critical legal issues which must be addressed to ensure the consistent and sustainable development of space tourism, and to secure the rights of all stakeholders involved including operators, passengers, launching State etc. The research paper would highlight the crucial law space tourism business issues associated with the space tourism. The paper would critically analyze the efficiency of the present international space treaties in dealing with these issues.