Shooting A Rocket Into Space Now Cheaper Than Hiring An Oil Tanker, And It's Not Because Space Travel Got Less Expensive

The cost of launching a rocket into space has fallen below the daily charter rate for an oil tanker, according to a new report. This shift is not due to a decrease in space travel costs, but rather a significant increase in shipping costs due to high demand and limited supply.

The report, published by the International Chamber of Shipping, highlights the stark contrast between the two industries, with space travel becoming more affordable while shipping costs soar.