"The first policy for aviation was written in 1911 and in 1927 the first transatlantic flight flown by Charles Lindbergh was insured. We are excited to be one of the first companies in 2021 to be providing insurance to space tourism pioneers who want to have the freedom to travel into space," battleface CEO Sasha Gainullin said. (Credit: Paopano/Stock.adobe.com)

As the private space race continues heating up, the dream of space tourism inches ever closer to becoming a reality for some. Morgan Stanley finds the burgeoning industry so promising it projects the sector could surpass $1 trillion in revenue by 2040.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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