The United Arab Emirates (UAE) is making strides toward establishing itself as a front-runner in the burgeoning space tourism industry, with the much-anticipated launch scheduled for the third quarter of 2025. This groundbreaking initiative will see space tourism flights offered starting at a price of approximately Rs45.5 million (UAE Dh600,000), spearheaded by the European space firm EOS-X Space. The inaugural flights will be launched from two key locations: Abu Dhabi and Spain.
Kemel Kharbachi, the visionary founder and CEO of EOS-X Space, has announced that the development of their cutting-edge Spaceship One manned capsules is nearing its final stages. These pressurized capsules, which can accommodate up to eight passengers including a pilot, are set to offer an unprecedented experience. The capsules will be launched using eco-friendly helium balloons, ascending to the edge of the stratosphere at an altitude of 40,000 meters. This elevation will provide tourists with stunning views of space, the blue halo surrounding Earth, and the curvature of our planet during a memorable five-hour journey. This is in stark contrast to the shorter, 11-minute rocket flights offered by other space tourism companies like Blue Origin.
EOS-X Space distinguishes itself from competitors by offering a more accessible and less physically demanding space experience. Unlike other space tourism companies that require extensive pre-flight training and physical conditioning, EOS-X Space will provide its passengers with a tailored week-long program. This program will blend cultural experiences, gourmet dining, regenerative medicine, and wellness activities, enhancing the overall space tourism experience. Prices for these exclusive packages will range between €150,000 (Dh600,000) and €200,000 (Dh800,000), depending on the chosen experience.
The company has ambitious plans for its facilities. In Abu Dhabi, they will establish what they describe as the world’s most ambitious space tourism complex, including not only the spaceport and shuttle launch area but also a luxurious hotel complex on Yas Island. Additionally, a new facility is set to be developed in Tulum, Mexico, with operations expected to commence by 2026.
“Our current offerings are tailored for ultra-high-net-worth individuals, targeting a market of around 20 million potential clients globally. These affluent individuals are seeking unique experiences and are willing to invest between €150,000 and €200,000 for a once-in-a-lifetime journey,” Kharbachi explained.
The global space tourism market is valued at over $9 billion, reflecting the immense potential and investment opportunities it presents. Kharbachi envisions a future where space tourism becomes as commonplace as aviation, driven by human curiosity and technological advancements.
EOS-X Space’s financial projections are equally ambitious. The company estimates that its combined revenues from operations in Spain and Abu Dhabi could reach $353 million in the first year, with a gross profit margin of 19 percent. By 2029, the company aims to achieve a turnover of $1.127 billion and a gross profit of $324 million, representing a significant profit growth of 23.3 percent from the previous year. The planned investment in the Abu Dhabi and Seville complexes is expected to exceed $230 million in engineering and development costs.
