Home Real Estate Commercial real estate market in low-earth orbit taking off

Commercial real estate market in low-earth orbit taking off

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If you’re looking for an out of this world commercial investment opportunity, you might like to strap on a pair of astronaut boots and head to your nearest Low-Earth Orbit space station or hotel.

The Low-Earth Orbit commercial market is heating up – literally – with more than 50 companies in the US looking to join a program to develop private space stations.

Low-Earth Orbit is approximately 100km above sea level.

The news comes after Orbital Assembly Corporation announced earlier this year that they planned to open a luxury space hotel , for 280 guests and 112 crew members, by 2027.

On the space station front, Nanoracks, in conjunction with Voyager Space and Lockheed Martin plan to develop the first free-flying commercial space station to be known as Starlab.

Starlab is expected to have initial operational capability by 2027.

Nanoracks Chief Executive Officer Jeffrey Manber said they had been working for a long time to…

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