Eastern Kentucky University Encompass Honors Theses Student Scholarship Spring 4-10-2019 Interstellar Travel and Tourism: The Possibilities in the Dawn of the New Face of Business and its Structure Haley Barber Eastern Kentucky University, [email protected] Follow this and additional works at: https://encompass.eku.edu/honors_theses Recommended Citation Barber, Haley, "Interstellar Travel and Tourism: The Possibilities in the Dawn of the New Face of Business and its Structure" (2019). Honors Theses. 648. https://encompass.eku.edu/honors_theses/648 This Open Access Thesis is brought to you for free and open access by the Student Scholarship at Encompass. It has been accepted for inclusion in Honors Theses by an authorized administrator of Encompass. For more information, please contact [email protected]. 2 EASTERN KENTUCKY UNIVERSITY Interstellar Travel and Tourism: The Possibilities in the Dawn of the New Face of Business and its Structure Honors Thesis Submitted In Partial Fulfillment of the Requirements of HON 420 Spring 2019 By Haley Barber Mentor Dr. Lana Carnes Professor of Corporate Communication & Technology 3 Abstract Interstellar Travel and Tourism: The Possibilities in the Dawn of the New Face of Business and its Structure By Haley Barber Mentor Dr. Lana Carnes Professor of Corporate Communication & Technology Business faces a new frontier, and it is my argument that there is a possibility that business will develop an entirely new structure to face the space age. I will be investigating the scientific, legal, and business structure currently in place and how these structures intend to adapt or may be abandoned in this quickly developing age. This new frontier will affect everyone on this planet, in the environment, technology, business as a market, and life as we know it. This paper explains the science, law, and business issues that must be dealt with before humans can travel and sustain life on another planet. This is a proposed set of laws and business plan for a mining company that would be placed on Mars and used as a leader for all businesses to come after and a foundation for a colony. There is an established history of law that the current law and future law must be founded in and furthered before effective space business can continue. The science portion of the paper explains what current sustainability looks like and where it can go from there. The business plan is the face of how new companies will look when they are interplanetary and require a space office and an Earth office. 4 Table of Contents ABSTRACT ................................................................................................................................................................. 3 TABLE OF CONTENTS ............................................................................................................................................ 4 TABLES ....................................................................................................................................................................... 7 ILLUSTRATION 1 ........................................................................................................................................................ 7 TABLE 1 ..................................................................................................................................................................... 7 TABLE 2 ..................................................................................................................................................................... 8 ACKNOWLEDGMENTS ........................................................................................................................................... 9 LITERATURE REVIEW ......................................................................................................................................... 10 LAW ........................................................................................................................................................................ 10 Getting to Space ................................................................................................................................................. 10 Definitions and Lack Thereof ............................................................................................................................. 12 Commercial Use of Space .................................................................................................................................. 14 New Legislation as a Foundation....................................................................................................................... 18 BUSINESS ................................................................................................................................................................. 23 Managing ........................................................................................................................................................... 23 Commercialization ............................................................................................................................................. 26 SCIENCE................................................................................................................................................................... 29 SCIENCE ................................................................................................................................................................... 35 REQUIRED ADVANCEMENTS .................................................................................................................................... 35 PLAUSIBILITY .......................................................................................................................................................... 36 LAW ........................................................................................................................................................................... 38 CURRENT LAW ........................................................................................................................................................ 38 LOOPHOLES ............................................................................................................................................................. 38 DEVELOPMENT OF NEW LAWS ................................................................................................................................ 40 5 UN COMMITTEE ...................................................................................................................................................... 43 COLONY SETTLERS .................................................................................................................................................. 44 BUSINESS PLAN ...................................................................................................................................................... 45 EXECUTIVE SUMMARY ............................................................................................................................................ 45 OPPORTUNITY ........................................................................................................................................................ 46 TOTAL AVAILABLE MARKET ................................................................................................................................... 46 SEGMENTED ADDRESSABLE MARKET...................................................................................................................... 46 SHARE OF THE MARKET ........................................................................................................................................... 46 KEY CUSTOMERS ..................................................................................................................................................... 47 THE FUTURE ............................................................................................................................................................ 47 EXECUTION ............................................................................................................................................................. 48 MARKETING AND SALES .......................................................................................................................................... 48 POSITIONING ............................................................................................................................................................ 48 PRICING ................................................................................................................................................................... 49 PROMOTION ............................................................................................................................................................. 50 TEAM AND COMPANY .......................................................................................................................................... 50 STRATEGIC ALLIANCES ............................................................................................................................................ 50 DISTRIBUTION ......................................................................................................................................................... 52 Direct Distribution