London Daily

Focus on the big picture.
Friday, Aug 08, 2025

Orbital Assembly Corp. hits $1M fundraising goal, aims to have luxury space hotel open in 2027

Orbital Assembly Corp. hits $1M fundraising goal, aims to have luxury space hotel open in 2027

Orbital Assembly Corp., a California-based startup that wants to pioneer construction and infrastructure in outer space, has hit its $1 million fundraising goal and aims to open an operational luxury hotel in orbit in 2027.

Orbital Assembly Corp., a California-based startup that wants to pioneer construction and infrastructure in outer space, has hit its $1 million fundraising goal and aims to open an operational luxury hotel in orbit in 2027.

The enterprise bills itself as the “world’s first large-scale space construction company” and wants to produce everything from space tourism to fuel depots, telecommunications satellites and solar power stations “in low Earth orbit and beyond.”

Orbital says it will use robots to construct modular structures in the sky.


Its planned Voyager Station is designed to accommodate 400 people at a time and will have artificial gravity roughly as strong as the moon’s.

A stay in space will offer a low-gravity gymnasium and private spacewalks, but it won’t come cheap. Orbital estimates that recreational space travelers will have to have a net worth of nearly $50 million.

Voyager Station Air Lock: Astronaut tourist emerges from air lock (Voyager Station)

To raise capital for its work, the company was selling shares at $0.25 in an effort to raise at least $10,000 by April 1. It has already met its maximum goal of $1 million, according to its page on Netcapital, a crowdfunding investment platform for private companies.

Orbital says it already has a team of NASA alumni, scientists, pilots and engineers, as well as patents for space construction equipment.


In a video posted YouTube, Orbital architect Tim Alatorre credited advances in the private space industry from firms, SpaceX in particular, with making launches far less expensive and providing an opening for commercial activity above the atmosphere.

"We haven't seen an explosion of commercial activity in space," Alatorre said. "The cost has been about $8,000 per kilogram for a long time. But with the Falcon 9, you can do it for less than $2,000. And as Starship comes online, it will only cost a few hundred dollars."


The company is not without competition. Axiom Space, which plans to develop the world’s first private space station, announced a forthcoming 14-acre facility as part of Houston’s Spaceport at Ellington Airport.

Axiom plans to put its private space station in orbit 250 miles above the Earth, equip it for both public and private researchers and train its own astronauts on the ground. The station itself will consist of laboratory and residential units manufactured on the ground in Houston.

Comments

General Butler 4 year ago
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

Newsletter

Related Articles

0:00
0:00
Close
Trump Administration Increases Reward for Arrest of Venezuelan President Maduro to Fifty Million Dollars
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
OpenAI Launches GPT‑5, Its Most Advanced AI Model Yet
Embarrassment in Britain: Homelessness Minister Evicted Tenants and Forced to Resign
President Trump nominated Stephen Miran, his top economic adviser and a critic of the Federal Reserve, to temporarily fill an open Fed seat
The AI-Powered Education Revolution: Market Potential and Transformative Impact
Chikungunya Virus Outbreak in Southern China: Over 7,000 Hospitalized
French wine makers have seen catastrophic damage to vines that were almost ready to be harvested after the worst fires in more than 70 years burned through the south of the country
US Lawmaker Probes Intel CEO’s China Ties Amid National Security Concerns
Brazilian President Lula says he’ll contact the leaders of BRICS states to propose a unified response to U.S. tariffs
Trump Open to Meeting Putin as Soon as Next Week, with Possible Trilateral Summit Including Zelenskiy
Katy Perry and Justin Trudeau spark dating rumors, joining high stakes world of celeb-politician romances
US envoy Steve Witkoff arrived in Moscow to seek a breakthrough in the Ukraine war ahead of President Trump’s peace deadline
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Karol Nawrocki Inaugurated as Poland’s President, Setting Stage for Clash with Tusk Government
Trump Signals JD Vance as ‘Most Likely’ MAGA Successor for 2028
US Charges Two Chinese Nationals for Illegal Nvidia AI Chip Exports
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
U.S. Tariff Policy Triggers Market Volatility Amid Growing Global Trade Tensions
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
Representative Greene Urges H-1B Visa Cuts Amid U.S.-India Trade Tensions
U.S. House Committee Subpoenas Clintons and Senior Officials in Epstein Investigation
Sydney Sweeney Registered as Republican as Controversial American Eagle Ad Sparks Debate
Trump Accuses Major Banks of Politically Motivated Account Denials and Prepares Executive Order
TikTok Removes Huda Kattan Video Over Anti-Israel Conspiracy Claims
Trump Threatens Tariffs on India Over Russian Oil Imports
German Finance Minister Criticizes Trump’s Attacks on Institutions
U.S. Proposes Visa Bond of Up to $15,000 for Some Applicants
U.S. Farmers Increase Lobbying Amid Immigration Crackdown
Elon Musk Receives $23.7 Billion Tesla Stock Award
Texas House Paralyzed After Democrats Walk Out Over Redistricting
Mexican Cartels Complicate Sheinbaum’s U.S. Security Talks
Mark Zuckerberg Declares War on the iPhone
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
Tesla Seeks Shareholder Approval for $29 Billion Compensation Package for Elon Musk
Nvidia is cutting prices on its RTX 50-series graphics cards after sales slowed and inventories piled up
Ghislaine Maxwell Transferred to Minimum-Security Prison Amid Ongoing DOJ Discussions
U.S. Tariffs Surge to Highest Levels in Nearly a Century Under Second Trump Term
Matt Taibbi Slams Media for Role in Russiagate Narrative
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
×