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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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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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