Space Adventures Congratulates Scaled Composites And Paul Allen on the Success of Their First Ansari X-Prize Flight Attempt

Space Adventures expects commencement

of commercial suborbital spaceflight by 2006

Sep 29, 2004, 01:00 ET from Space Adventures, Ltd.

    MOJAVE DESERT, Calif., Sept. 29 /PRNewswire/ -- Space Adventures, Ltd.,
 the world's leading space experiences company, congratulates Burt Rutan of
 Scaled Composites and Paul Allen on their first flight in the quest to win the
 Ansari X-Prize.  Space Adventures was delighted to have several of their
 suborbital spaceflight reservationists present for the historic flight and is
 the only company with an existing waiting list of over 100 deposits for
 reservations on future suborbital flights.
     Space Adventures is the marketing and experience operations partner for
 many of the leading space vehicle manufacturing companies, including the
 Cosmopolis XXI Aerospace System (C-21), XCOR Aerospace, and several others.
 The C-21 was developed by the same company that built and flew the orbital
 Russian space shuttle, Buran, a decade earlier.
     "The dawn of private space tourism is here and it is a reality --
 privately funded suborbital space vehicles will be available for tourists in
 the next few years," said Eric Anderson, president and CEO of Space
 Adventures. "For the past seven years, we, at Space Adventures, have been
 working diligently on shaping the market for future suborbital space travel.
 We've proved that there is a market and we're going to continue to lead the
     More recently, Space Adventures highlighted the tremendous future
 potential of the space tourism industry when they conducted a survey of 500
 teenagers who overwhelmingly indicated a strong interest in space travel.
 When asked how much money they would start saving today to fly to space in the
 future, 61 percent of respondents said they would be willing to save at least
 a portion of their monthly allowance.
     Private space tourism officially began in 2001, when U.S. businessman
 Dennis Tito became the first private citizen in space with Space Adventures
 and showed the world that there was a market of people willing to pay to fly
 to space -- even at the price of $20,000,000 (USD).  "It was a privilege to be
 involved in the first mission of this kind and to lead the way for other
 private space explorers to fulfill their dreams too," said Mr. Tito.
     Space Adventures also congratulates Mr. Allen and the Vulcan team on their
 plans to enable the creation of many licensed space vehicle operating firms
 that utilize the technology of SpaceShipOne, and Richard Branson on his plans
 to make Virgin Galactic one of those firms.
     "These emerging companies are a testament to what Space Adventures has
 professed for almost a decade," said Eric Anderson, president and CEO of Space
 Adventures.  "This is the essence of private industry cooperation and
 competition providing the availability and affordability for all citizens to
 visit space. Space Adventures and Virgin Galactic plan to collaborate. Space
 Adventures' clients will fly to space on safe and reliable vehicles built by a
 variety of manufacturers."
     Space Adventures is headquartered in Arlington, Virginia with an office in
 Moscow, Russia. It offers a variety of programs such as Zero-Gravity and MiG
 flights, cosmonaut training, space flight qualification programs and
 reservations on future suborbital spacecrafts. The company's advisory board
 comprises Apollo 11 moonwalker Buzz Aldrin, shuttle astronauts Kathy Thorton,
 Robert (Hoot) Gibson, Charles Walker, Norm Thagard, Sam Durrance and Byron
 Lichtenberg and Skylab astronaut Owen Garriott.

SOURCE Space Adventures, Ltd.