MADRID, June 20,
2024 /PRNewswire/ -- EOS-X SPACE, the first European
space exploration company, of Spanish origin, faces the last half
of 2024 in a decisive way to complete its start-up and mark a
historic milestone for Spain in
this incipient industry, which currently represents a market of
more than 9 billion dollars in
revenues. Kemel Kharbachi´s company, founder and CEO, is
finalizing the development of the Spaceship capsules, the necessary
validation tests -which will take place soon- together with
military pilots, and the the collaboration of the National
Institute for Aerospace Technology (INTA). The aim is to start
operating flights both in Seville,
the company's headquarters in Spain, and in Abu
Dhabi, around the third quarter of 2025. In total, the
company will have invested more than 230
million dollars in engineering and development in both
countries.
![One of the EOS-X Space capsules One of the EOS-X Space capsules](https://mma.prnewswire.com/media/2443642/EOS_X_SPACE.jpg)
The company is currently in the midst of a €115 million
Series D investment round led by US investment bank FTI Capital
Advisor.
A SUSTAINABLE AND SAFE CAPSULE FOR EXPERIENTIAL
TRAVEL
This project, a pioneer in both Spain and Europe, started in 2020 and has important
differences with respect to other space tourism companies. EOS-X
SPACE's pressurized capsules, with a capacity of eight people
(including a pilot), are propelled by a non-polluting helium
balloon. They reach the limits of the stratosphere, which means
an altitude of 40,000 meters, allowing their space tourists to
enjoy superb views for five hours. The price per passenger will
range between 150,000 and 200,000
euros. In addition, in the case of Spain, EOS-X SPACE will have a spectacular
SpaceHub Complex in La Isla de la Cartuja (Seville), where immersive experiences will be
developed, as well as an ultra-luxury hotel in the province
of Seville where customers will
enjoy pioneering treatments and experiences.
A PROFITABILITY OF 220 % IN FIVE YEARS
Thanks to the potential of this new way of doing tourism - with
a current market of US$9 billion -
the company has solid scalability forecasts and expects revenue
growth of 220% in five years.
Contact:
Rosalia Martinez
rmartinez@the-newsroom.net
Photo -
https://mma.prnewswire.com/media/2443642/EOS_X_SPACE.jpg
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SOURCE EOS-X SPACE