We have entered the point in time where people can blast off into space and see Earth from several kilometers above.
Amazon founder and the world's richest man, Jeff Bezos, along with three passengers aboard the Blue Origin's New Shepard rocket, completed their successful flight to the edge of space on Tuesday.
The flight lasted more than ten minutes, and Bezos couldn't contain his excitement upon returning to Earth.
"And, you know, now on how it felt. Oh my God My expectations were high and they were dramatically exceeded."
And just last week, Virgin Galactic's Richard Branson was successfully launched into space on his own aircraft.
So, that's two competing billionaires who have rocketed themselves into the race for commercial space travel.
However, at the moment space travel is only possible for the rich as tickets cost roughly 250-thousand U.S. dollars each.
But local experts believe this might change in the future.
"The initial cost is expensive, but when cars were first invented, it was a luxury item for rich people. And just like how anyone can buy a car now, there will be a time when it'll be the same for space travel. The cost will go down as time passes and ordinary people will be able to afford it too."
Having affordable ticket prices is important as the space travel business cannot prosper by selling tickets to rich people alone and space-related revenue is forecasted to triple to over 1 trillion dollars by 2040.
In fact, it may just be a matter of time before space travel is the new normal.
"After planes were first introduced, the aviation industry grew rapidly. And now, we don't feel scared getting on a plane. It will be the same for space travel."
The same expert says that a space voyage is not just a tour, but a way to show off a country's power and technological space infrastructure.
And added that South Korea also has the potential to join in the space travel race in the future.
Jang Tae-hyun, Arirang News.