Today marks a day that is epic in every sense of the word as April 12th is known as International Day of Human Space Flight.

The head of the Federal Aviation Administration (FAA) said on Tuesday that space tourism will be a $1 billion industry in 10 years.

During a recession that has many industries under pressure as consumers cut spending, the space tourism business is booming, thanks to enthusiastic demand by ultra-wealthy clientele.

By Barbara De Lollis BOSTON -- Either selling outer-space vacations to wealthy business moguls is easy or Eric Anderson's a superb salesman.

Astronauts may be about to become an everyday sight in Singapore. The American company that arranged for multimillionaire tourists to hitch a ride into space on Russian rockets is planning to turn the island state into the world's main centre for space tourism.