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The First Space Hotel Is Set To Open In 2027

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the first space hotel is set to open in 2027
Orbital Assembly

While hotels in many countries around the world are still closed due to the ongoing coronavirus pandemic, space construction company Orbital Assembly Corporation has recently announced that its first space hotel, called Voyager Station, is set to open in 2027.

The idea for the Voyager Station dates back to 2012 and a Californian company called Gateway Foundation, which later established Orbital Assembly Corporation to realize its ambitious plan. First plans were introduced to the world in 2019, describing a futuristic rotating hotel inspired by sci-fi movies such as 2001: A Space Odyssey.

voyager station animation

Orbital Assembly

Back then, the hotel was called Von Braun Rotating Space Station, but its name was later changed because the connection with the infamous Nazi regime aerospace engineer, Wernher Von Braun, caused unwanted controversy.

The latest design of the ambitious space hotel features 24 modules connected together by elevator shafts, offering over 11,600 square meters of habitable space for its 280 guests. The modules form a massive wheel that rotates around a central docking bay to create artificial gravity using centrifugal force.

voyager station animation 2

Orbital Assembly

“The station rotates, pushing the contents of the station out to the perimeter of the station, much in the way that you can spin a bucket of water — the water pushes out into the bucket and stays in place,” explained Tim Alatorre, senior design architect at Orbital Assembly Corporation to CNN Travel.

voyager station animation 3

Orbital Assembly

To keep everyone’s anxiety levels as low as possible, Voyager Station will have not only a bar, restaurant, gym, and other features expected in a luxury cruise ship but also 44 emergency return vehicles (ERVs) programmed to autonomously return back to Earth.

Also Read: Sightec Completes First Drone Delivery Without GPS

Orbital Assembly Corporation plans to position its first space hotel 500-550 kilometers above Earth’s surface in a sun-synchronous orbit, meaning it will always face the same position relative to the Sun. This is mainly to reduce thermal stress on key structural components.

Not much information on how much it will cost to book a room in the space hotel has been revealed so far, but it’s safe to assume that it will exceed the average person’s annual salary several times. Rumors suggest that a 4-day stay will set you back $5 million.

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Stripe Enters The Middle East With Its UAE Launch

Stripe will initially only be available to UAE businesses, allowing them to accept online payments, make payouts, mitigate fraud, and attract customers from around the world.

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stripe enters the middle east with its uae launch

Stripe, a provider of online payment processing for internet business, has finally expanded to the Middle East with its official launch in the United Arab Emirates. The Irish-American company also opened an office in Dubai Internet City, allowing it to be closer to its new customer base.

At first, Stripe will only be available to UAE businesses, allowing them to accept online payments, make payouts, mitigate fraud, and attract customers from around the world.

“The UAE is a thriving hub for technology, supported by strong investor appetite, internet-savvy consumers, and an open, innovative ecosystem of business leaders and entrepreneurs,” said Matt Henderson, EMEA Business Lead at Stripe. “Our launch today also means we can now connect our global user base to the Gulf, enabling them to seamlessly expand their operations in the region.”

stripe launches in the united arab emirates

Stripe Newsroom

Stripe’s entry into the Middle East market comes just weeks after its latest round of funding, which has resulted in the company’s value jumping up to $95 billion and making it one of the most valuable fintech companies in the world.

The UAE is the perfect entry point for the online payment processing provider because the total value of digital payment transactions in the gulf country has doubled in the last two years alone, reaching $18.5 billion in 2020. If the UAE remains on the current growth trajectory, its e-commerce sector is expected to add nearly another $10 billion over the next two years.

Also Read: Sarwa Helps UAE Residents Easily Invest In Global Stocks

Another factor that makes the UAE such an ideal expansion point is the fact that accepting online payments in the country has historically been incredibly challenging. Stripe provides a straightforward setup process and developer-friendly APIs, making it easy for companies of all sizes to improve their online presence.

Last year, Stripe launched in the Czech Republic, Hungary, Romania, Bulgaria, Cyprus, and Malta. The company also expanded into Africa via Nigeria technology startup Paystack. In total, Stripe currently processes hundreds of billions of dollars each year.

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