Space Adventures Announces $265 Million Global Spaceport Development Project

Space Adventures, Ltd., the world´s leading space xperiences company, announced today its plans to develop a commercial spaceport in Ras Al-Khaimah (the UAE), with plans to expand globally. Other potential spaceport locations include Asia,

specifically Singapore, and North America.

The total estimated cost of the global spaceport development project is at least $265 million (USD) and will be funded by various parties, along with shared investments by Space Adventures and the government of Ras Al-Khaimah.

The company, which organized orbital flights for all of the world´s private space explorers, also announces that His Highness Sheikh Saud Bin Saqr Al Qasimi of Ras Al-Khaimah, along with the UAE Department of Civilian Aviation, have granted clearance to operate suborbital spaceflights in their air space.

The UAE spaceport, planned to be located less than an hour drive from Dubai, already has commitments for $30 million.

The suborbital space transportation system has been designed by Myasishchev Design Bureau, a leading Russian aerospace organization which has developed a wide-array of high performance aircraft and space systems.

Explorer, as it has been named, will have the capacity to transport up to five people to space and is designed to optimize the customer experience of space travel, while maintaining the highest degree of safety.

The Explorer Aerospace System consists of a flight-operational carrier aircraft, the M-55X, and a rocket spacecraft. The vehicle is designed to optimize the customer experience of space travel.

Space Adventures, the only company to have successfully launched private explorers to space, is headquartered in Arlington, Va. with offices in Cape Canaveral, Fla., Moscow and Tokyo.