Insider Brief:
- EOS-X SPACE has announced plans to begin space flights from Abu Dhabi and Seville by the third quarter of 2025.
- The price per passenger will range between 150,000 and 200,000 euros. Additionally, the company will create a SpaceHub Complex in Seville, featuring immersive experiences and an ultra-luxury hotel in the province of Seville, providing pioneering treatments and experiences.
- EOS-X SPACE is in a 115 million euro Series D investment round led by US investment bank FTI Capital Advisors. The company projects a revenue growth of 220 percent over five years, ensuring profitability from the first year of operations.
EOS-X SPACE has announced plans to begin commercial space flights from Abu Dhabi and Seville by the third quarter of 2025. Founder and CEO Kemel Kharbachi shared that the company is finalizing the development of spaceship capsules, completing validation tests, and collaborating with the National Institute for Aerospace Technology (INTA).
The space tourism market is currently valued at over $9 billion. EOS-X SPACE has invested over $230 million in engineering and development across Spain and Abu Dhabi. The company is focused on a decisive second half of 2024 to finalize its preparations for launch.
Abu Dhabi will reportedly host the company’s most ambitious facility, featuring the shuttle, a spaceport, and the largest hotel complex on Yas Island. By 2026, EOS-X SPACE plans to open a third facility in Tulum, Mexico.
Founded in 2020, EOS-X SPACE is Europe’s first space tourism and exploration company of Spanish origin. The company differentiates itself with pressurized capsules that can carry eight people, including a pilot. These capsules are propelled by non-polluting helium balloons and reach the stratosphere at 40,000 meters, offering passengers five hours of spectacular views.
The price per passenger will range between 150,000 and 200,000 euros. Additionally, the company will create a SpaceHub Complex in Seville, featuring immersive experiences and an ultra-luxury hotel in the province of Seville, providing pioneering treatments and experiences.
EOS-X SPACE is in a 115 million euro Series D investment round led by US investment bank FTI Capital Advisors. The company projects a revenue growth of 220 percent over five years, ensuring profitability from the first year of operations. In its launch year, the company estimates total revenues from Spain and Abu Dhabi could reach $353 million, with a gross profit margin of 19 percent. By 2029, EOS-X SPACE aims for a turnover of $1.127 billion and a gross profit of $324 million, marking an annual profit growth of 23.3 percent.
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