Amazon CEO Jeff Bezos gets into civilian space flight race with 'Blue Origin'

Amazon.com founder and CEO Jeff Bezos attends a launch event for the Bezos Center for Innovation at the Museum of History and Industry on October 11, 2013 in Seattle, Washington. Supported by Jeff and MacKenzie Bezos, the center aims to highlight the history and future of innovation in the Puget Sound region.

Space tourism may eventually prove to be big business. The Wall Street Journal reports a projected $1.5 billion in revenue for the space tourism industry by the middle of the next decade.

If you've seen the film "Gravity", you might not be in a rush to travel to outer space any time soon. But for some companies, space tourism may eventually prove to be big business.

The Wall Street Journal reports a projected $1.5 billion in revenue for the space tourism industry by the middle of the next decade. Part of that estimate is based on the potential success of companies run by Tesla Motors CEO, Elon Musk, and Amazon CEO, Jeff Bezos.

The two businessmen have been in a sort of competition. Ashlee Vance, a technology writer for Bloomberg BusinessWeek, joins the show with more.