ISLAMABAD, JULY 18: Space missions are expected to begin in the third quarter of 2025, and the United Arab Emirates (UAE) plans to establish its space tourism sector the following year. The first voyage will cost Rs45.5 million (Dh600,000 in the UAE). Flights from Abu Dhabi and Spain will be part of this program, which is being led by the European space business EOS-X Space.
The Spaceship One human capsule development is almost finished, according to Kemel Kharbachi, founder and CEO of EOS-X Space. Important validation tests involving military pilots will shortly be carried out in association with the esteemed National Institute for Aerospace Technology (INTA) of Spain.
Green helium balloons will be used to raise these pressurized capsules, which have space for eight passengers, including a pilot. Over a five-hour journey, the capsules will reach the stratosphere’s edge at 40,000 meters, providing space passengers with breath-taking vistas of space, the Earth’s curvature, and the blue halo. The 11-minute rocket flight by Blue Origin stands in contrast to this.
In contrast to other space tourism companies, which demand intensive training and physical condition for short trips that can cost up to a million dollars, EOS-X Space will put its guests through a customized week-long curriculum. This program will include health, regenerative medical, culinary, and cultural activities. Depending on the package selected, the price per passenger will vary from €150,000 (Dh600,000) to €200,000 (Dh800,000).
The business announced in great detail that Abu Dhabi will play host to the world’s most ambitious complex, which will include a hotel complex on Yas Island in addition to the spaceport and shuttle. By 2026, a second facility is anticipated to be operating in Tulum, Mexico.
We currently target high-net-worth individuals with our ultra-luxury product, and there are about 20 million potential clients worldwide. Our target market comprises these ‘ultra-rich’ people as well as wealthy folks willing to part with between €150,000 and €200,000 for an experience that will never be found elsewhere, according to Kharbachi.
The industry for space tourism is thought to be worth about $9 billion worldwide. “Investment opportunities in space tourism are as abundant and bright as human curiosity.” Similar to the aviation sector, there will come a moment when this perspective on the world is much more widely available, Kharbachi continued.
With a 19% gross profit margin, Kharbachi and his management team project that the total revenues from Spain and Abu Dhabi could reach $353 million in the inaugural year. The corporation wants to turn over $1.127 billion and make $324 million in gross profit by 2029, which would represent a 23.3 percent increase in profit from the year before. The engineering and development budget for the Abu Dhabi and Seville complexes is expected to exceed $230 million.
