February 22, 2006

A $265M Space Port For The Middle East

Land Here Buck Rogers

Sea ports may be in the news this week, but the a:c is looking at space ports. A company called Space Adventures plans to build a $265M spaceport in the United Arab Emirates. Space Adventures is backed by a Texas VC firm called Prodea, whose principals made enough from a telecom sale to play in space.

While we won't argue that it will be possible for a couple of companies to make money off of space travel, we are amazed at the number of companies that are pursuing this "market." Some companies are building rockets and want to become space Boeings while others want to be the space PanAm. We don't doubt that this will be a fun endeavor for all, but a sound investment?

Spending A Tech Fortune On Space - Everyone's Doing It

Read - New Company Joins the Space Tourism Race (NY Times)

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