The Dawn of Space Tourism?

Virgin Galactic unveiled SpaceShipTwo and plans to take paying customers for a two-and-a-half hour trip into sub-orbital space.
Vocab:

• tycoon= A wealthy and powerful businessperson or industrialist; a magnate. 
• pitfall= an unsuspected difficulty or danger 
• cutting edge= the position of greatest importance or advancement; the leading position in any movement or field