Taking on industry pioneers like Blue Origin and Virgin Galactic.

By Denver Nicks / Money and Money
March 09, 2016
Getty Images/Science Faction

This story originally appeared on Money.com

The space tourism business is getting pretty crowded for an industry that one could argue hasn’t even been born yet.

Related: Look Out Uber, Lyft Rides Are Up 500% in This Incredibly Important City

Last week, according to the state news agency TASS, the Russian space agency Roscocosmos approved reusable rocket designs from the private Russian space travel company KosmoKurs, which hopes, beginning in 2020, to begin transporting tourists into space 124 miles above the surface of the earth for between $200,000 and $250,000 a head.

Related: How to Keep Your Car on the Road for 200,000 Miles

The announcement puts KosmoKurs in competition with Jeff Bezos’ space tourism company Blue Origin and Richard Branson’s Virgin Galactic, which will offer a roughly similar service to tourists who can afford the heavy price tags on such journeys. The precise launch dates and price points for those companies have not been released.

Related: These CEOs Spend the Most on Corporate Jets for Personal Trips

Elon Musk’s SpaceX, on the other hand, is in the business of moving around satellites, astronauts and supplies for the International Space Station—not rich tourists.