News
Saudi Arabia To Host Sixth Halo Space Test Flight In September
The space tourism startup aims to conduct crewed flights in 2025 and commence full commercial operations by as early as 2026.
Space tourism company Halo Space has announced plans for another test flight in Saudi Arabia, scheduled for September 2024, in collaboration with the Kingdom’s Communications, Space and Technology Commission (CST).
The event will be Halo Space’s 6th test flight and a key milestone in Saudi Arabia’s Vision 2030 strategy. The test will deploy Halo Space’s prototype Aurora capsule, which will travel around 30 km into Earth’s high atmosphere and the edge of space. According to Alberto Castrillo, Halo Space’s Chief Technology Officer, the flight will further test the engineering of the high-tech craft:
“The mission is designed to meticulously validate all the critical systems we’ve been developing for the past three years. The dates and location were set to ensure the reliable operation of our equipment and safe conditions for the teams on the ground operating the flight”.
Frank Salzgeber, Acting Deputy Governor for the Space Sector at CST, added, “This innovative project represents a significant step forward in Space Tourism. In support of such technological advancements and investment opportunities in Saudi Arabia, CST is always committed to providing regulatory frameworks that foster innovation among companies and projects like Halo Space while ensuring the safety of personnel and materials”.
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Halo Space’s prototype test flights are in preparation for the launch of fully crewed missions, which are expected to take place in 2025. Commercial flights could be available from 2026 and will offer the completely unique experience of rising gently above the Earth in a balloon-lifted capsule.
The journey, spanning up to 200 horizontal km and 35 vertical km, will last over six hours, allowing passengers to witness the curvature of the Earth and the vastness of space. Halo Space aims to make space tourism accessible to a wide audience by 2030 and plans to carry over 10,000 passengers by the decade’s end.
News
Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia
The e-commerce startup is aiming to tap into the Kingdom’s underdeveloped e-grocery sector with a tech-first, locally rooted strategy.
Rabbit, an Egyptian-born hyperlocal e-commerce startup, is expanding into the Saudi Arabian market, setting its sights on delivering 20 million items across major cities by 2026.
The company, founded in 2021, is already operational in the Kingdom, with its regional headquarters now open in Riyadh and an established network of strategically located fulfillment centers — commonly known as “dark stores” — across the capital.
The timing is strategic: Saudi Arabia’s online grocery transactions currently sit at 1.3%, notably behind the UAE (5.3%) and the United States (4.8%). With the Kingdom’s food and grocery market estimated at $60 billion, even a modest increase in online adoption could create a multi-billion-dollar opportunity.
Rabbit also sees a clear alignment between its business goals and Saudi Arabia’s Vision 2030, which aims to boost retail sector innovation, support small and medium-sized enterprises, attract foreign investment, and develop a robust digital economy.
The company’s e-commerce model is based on speed and efficiency. Delivery of anything from groceries and snacks to cosmetics and household staples is promised in 20 minutes or less, facilitated by a tightly optimized logistics system — a crucial component in a sector where profit margins and delivery expectations are razor-thin.
Despite the challenges, Rabbit has already found its stride in Egypt. In just over three years, the app has been used by 1.4 million customers to deliver more than 40 million items. Revenue has surged, growing more than eightfold in the past two years alone.
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CEO and Co-Founder Ahmad Yousry commented: “We are delighted to announce Rabbit’s expansion into the Kingdom. We pride ourselves on being a hyperlocal company, bringing our bleeding-edge tech and experience to transform the grocery shopping experience for Saudi households, and delivering the best products – especially local favorites, in just 20 minutes”.
The company’s growth strategy avoids the pitfalls of over-reliance on aggressive discounting. Instead, Rabbit leans on operational efficiency, customer retention, and smart scaling. The approach is paying off, having already attracted major investment from the likes of Lorax Capital Partners, Global Ventures, Raed Ventures, and Beltone Venture Capital, alongside earlier investors such as Global Founders Capital, Goodwater Capital, and Hub71.
Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia
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