China’s homegrown answer to SpaceX has outlined plans to invest $1.5bn in a space travel and future technology theme park, as the group prepares for manned tests of Asia’s first near-space tourism project.
Hong Kong-listed KuangChi Science has already conducted unmanned tests for a high-altitude balloon called the Traveller. It is equipped with communications and weather-monitoring components, but is also intended to take tourists to 24km above the earth.
Manned tests are planned over the next two years, the company said.
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