This is what a $70 million ticket from Axiom Space gets you

Axiom CEO Tejpaul Bhatia told Business Insider about its $70 million space ticket that comes with a yearlong training program.

Transcript

00:00What does a $70 million ticket to space include?

00:03I recently spoke with Axiom CEO Tejpal Bhatia to have him break it down for us.

00:08Unlike other human spaceflight missions like Blue Origin's New Shepard trip,

00:12this extends beyond an 11-minute journey to space.

00:15Members of the crew take a roughly two-week trip to the International Space Station.

00:20And the $70 million price tag doesn't just cover a trip to space.

00:24It also includes a year-long program to become a trained astronaut that meets NASA standards.

00:29The trips are open to countries, space agencies, researchers, organizations, and individuals,

00:34but they have to align with the company's mission and overall objectives.

00:38The mission isn't meant to be a leisurely vacation.

00:41And unlike other companies that offer human spaceflight,

00:44Axiom Space doesn't manufacture its own rockets or spaceships.

00:47It has contracts with companies like SpaceX to send astronauts to space.

00:51So what happens when you purchase a ticket?

00:53Members of the program train for about a year,

00:56and Axiom Space partners with companies like NASA to conduct the training,

00:59which includes 700 to 1,000 hours of instruction in safety, health,

01:03international space systems, and launch operations.

01:06Once they get on the flight, the experience is actually far from luxurious.

01:10Axiom's CEO told me that the roughly two-week trip involves a very regimented routine,

01:15including hard science and research.

01:17The exact price is determined on a case-by-case basis,

01:20but tickets cost roughly $70 million,

01:23which is pretty steep compared to other human spaceflight options offered by space tourism companies.

01:28For context, Blue Origin requires a $150,000 refundable deposit,

01:33and it auctioned off a ticket for $28 million.

01:36Virgin Galactic tickets were previously priced at $600,000, but they're expected to go up.

01:41It's hard to compare these experiences when you are paying for something pretty different.

01:45Axiom Space is getting ready to launch its next mission, AX4,

01:48which should be happening any day now.

01:50To read the full story, head to businessinsider.com.