Balloon company will take space tourists 25 miles into space for £74,000 from 2025

The capsule will fly 25 miles through space (Halo Space)

A Spanish space tourism company is set to take passengers in a hot air balloon to the far reaches of space – and will take off with a first test flight in December.

Madrid-based HALO Space will transport tourists in a capsule attached to a balloon – with prices ranging from £87,000-174,000 (€100,000-200,000).

The final capsule design will seat eight passengers and one pilot and feature panoramic windows that allow a 360-degree view of Earth at an altitude of up to 25 miles.

The company will conduct the test during the third week of December, which will take off from the Balloon Facility at the prestigious Tata Institute for Fundamental Research (TIFR) in India.

A second test flight is already planned for the end of the first quarter of 2023 in Spain.

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Swiss investment bank UBS estimates that commercial spaceflight has the potential to become a $3 billion business over the next decade.

The first commercial flights are expected to start in 2025 and the company plans to operate on four continents, a total of 400 commercial trips with 3,000 passengers per year from 2029.

The prices will be between 100,000 and 200,000 euros per ticket.

Carlos Mira, CEO and Founder of HALO Space, said, “Our priority since day one has been technical and operational excellence. Over the past 12 months, we have worked with the best and most experienced companies in the aerospace industry to leverage existing, proven solutions, and safe technology.

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“Our team is very pleased with what has been accomplished in this first year, but we are even more excited about where we are headed: taking thousands of passengers to the far reaches of space in an experience that will change lives up to 25 miles above Earth.”

HALO Space will conduct its first test flight in late 2022 in India.

The space tourism company will take off the third week of December with a prototype of its spacecraft as a test.

A space balloon will soar 21 miles into the stratosphere taking the prototype for a flight that lasts around 6 hours at the Tata Institute for Basic Research (TIFR) Balloon Facility located in Hyderabad, India.

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