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Halo Space Capsule Set To Fly 32 Km Above Saudi Arabia
A June test flight will launch a second life-size prototype as the company reveals plans to begin commercial “Space Tourism” operations by 2026.
Spanish headquartered Halo Space, a “Stratospheric Commercial Flights Company” has announced plans to launch a sixth test flight from Saudi Arabian airspace in June this year. The news comes after the company received the go ahead from Saudi Arabia’s Communications, Space and Technology Commission (CST).
This test flight will launch Halo’s prototype capsule 32 kilometers above the Earth’s surface. The craft is followed by a helium balloon that slowly ascends and lands back on Earth during the 4-6 hour journey.
Halo plans to begin commercial tourist flights by 2026 at prices of $164,000 per ticket. The company has ambitious plans to help 10,000 people into space this decade, allowing them to view what is known as the Overview Effect — a blue halo that forms around the curvature of the Earth.
Space tourists will eventually be treated to unrivaled 360º vistas for around 1-2 hours at maximum altitude, with the capsule’s windows being significantly larger than those of a commercial airliner.
“I’ve spoken with several astronauts about the feeling of profound transformation when you view the Overview Effect. Everyone should get the chance to see our home from such a view,” says HALO Space CEO Carlos Mira.
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Halo is also working with space authorities from the US, Australia, Saudi Arabia, and Spain to establish further launch sites. The exact locations have been chosen based on meteorology, territory, and airspace safety.
“It is magnificent to see our vision of making space flight more accessible come to life,” added Carlos Mira. “To prove our concept and showcase all systems working together will signal to the world that near space tourism with Halo Space is ready for lift-off”.
News
Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE
Central Bank approval moves the dirham-backed token into deployment, targeting regulated payments and settlement flows.
The UAE has cleared the launch of DDSC, a dirham-backed stablecoin now entering live operation after approval from the Central Bank. The move pushes the project beyond its pilot phase and into the country’s regulated financial system.
The token is backed by a consortium led by IHC, Sirius International Holding and First Abu Dhabi Bank (FAB), framing it as an institutional instrument rather than a consumer crypto product. DDSC was first announced in April 2025, but regulatory clearance now allows deployment and integration across approved channels.
DDSC runs on ADI Chain, a Layer 2 blockchain built by the Abu Dhabi-based ADI Foundation. The infrastructure is designed for governance and performance requirements expected by large institutions, linking blockchain settlement with existing compliance and oversight frameworks.
The focus is practical, targeting treasury settlements, high-value payments, trade and supply-chain transactions, and programmable financial flows for regulated entities. FAB plans to offer access to the token through approved platforms for its clients, keeping the rollout inside controlled banking environments.
“DDSC marks a defining milestone in the UAE’s digital finance journey,” said Syed Basar Shueb, CEO of IHC. “With the Central Bank’s approval and our transition into live operation, we are delivering trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments”.
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FAB says the project reflects how stablecoins can sit within traditional finance when risk controls are built in from the outset. “This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements,” said Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at FAB.
The launch reinforces the UAE’s strategy of pushing digital finance through regulation instead of open-ended crypto experimentation. Stablecoins in this model are positioned less as trading assets and more as programmable extensions of national currency, aimed at institutional scale and government use cases.
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