If the dream destination for your next vacation involves breaking gravity’s iron grip, then your options are growing quickly.

A photo taken by Expedition 46 flight engineer Tim Peake of the European Space Agency (ESA) aboard the International Space Station shows Italy, the Alps, and the Mediterranean on January, 25, 2016.    REUTERS/NASA/Tim Peake/Handout   ATTENTION EDITORS - FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS PICTURE WAS PROVIDED BY A THIRD PARTY. REUTERS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS IMAGE. THIS PICTURE IS DISTRIBUTED EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTS8V3O
A view of Earth from the International Space Station.
Image: REUTERS/NASA/Tim Peake/Handout

A state-sponsored Chinese company is the latest to enter the emerging space tourism industry, according to New Scientist. The company’s spaceplane is still in the prototype phase. The designs show a reusable, rocket-powered vehicle with the capacity to carry 20 passengers to a height of 130 kilometres.

A computer generated model of the reusable spaceplane.
Image: Pengxin Han

Weighing in at 100 tonnes and with a wing span of 12 metres, the Chinese craft would reach Mach 8 within minutes of taking off vertically from a dedicated launch pad.

    An artist's impression of a journey into space and back
An artist's impression of a journey into space and back.
Image: Pengxin Han

During eight minutes of weightlessness, passengers would enjoy an incredible view of planet Earth adrift in space. The craft would then return to Earth and land on a runway like a conventional aircraft. The designers say the vehicle would be able to make as many as 50 flights in its lifetime.

Despite being a late entrant to the space tourism race, the China Academy of Launch Vehicle Technology is confident it will be taking its first passengers up in the near future. “The test flights will be finished in the next two years,” says team leader Han Pengxin, “because almost all of the ground tests have been finished and all the subsystems of the test vehicle worked very well.”

Countdown to commercial space tourism

The Chinese will face stiff competition from companies who have been planning commercial space flights for more than a decade.

April 2001

Dennis Tito becomes the first space tourist. He paid $20 million for a ride to the International Space Station aboard a Russian Soyuz spacecraft.

June 2002

Serial entrepreneur Elon Musk forms Space X with a vision to operate privately owned commercial space flights – and a dream of taking humans to colonize Mars.

June 2004

Pilot Mike Melville waves as he sits atop SpaceShipOne as it is towed following his historic flight of the world's first privately funded rocket plane beyond Earth's atmosphere at the Mojave Airport in California, June 21, 2004. SpaceShipOne, designed by legendary aerospace designer Burt Rutan and funded by billionaire Paul Allen, reached a height of 62 miles making Melville the world's first private astronaut. REUTERS/Mike Blake  MB - RTR4UJ0
Pilot Mike Melville waves as he sits atop SpaceShipOne.
Image: REUTERS/Mike Blake

Microsoft billionaire Paul Allen sees his SpaceShipOne fly to an altitude of 100 kilometres to become the first private craft to go into space.

October 2004

Richard Branson’s Virgin organization signs a deal with SpaceShipOne builders Scaled Composites to construct a commercial version of the vehicle to carry passengers into space.

December 2010

Space X launches its Dragon capsule on its first mission. The spacecraft returns safely to Earth, the first time a privately funded and operated craft has been launched and recovered.

October 2014

Virgin Galactic’s SpaceShipTwo crashes during a test flight over the Mojave Desert in California. It’s a setback for the private space industry and a reminder that escaping the Earth’s atmosphere and getting back home has always been a dangerous endeavour.

November 2015

Blue Origin sends its vertically launched New Shepard rocket into space. The spacecraft returns to Earth and lands vertically on the Launchpad – the first time such a feat has been accomplished. Two days later President Obama signs the Space Act which sets out the rules for commercial space flight.