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Space Adventures to Acquire Space Launch Corporation |
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VIENNA, Va., May 31, 2006/Satnews Daily/ ― Space Adventures, Ltd. announced on Tuesday an agreement to acquire Fountain Valley, Calif.-based Space Launch Corporation.
Space Adventures said the acquisition will provide the company with a technology development capability and access to significant space system intellectual property to bring to market future space tourism vehicles in the United States.
“While Space Adventures will remain focused on the marketing of spaceflights as a space travel company, the acquisition of Space Launch will enhance our access to, and in-depth knowledge of, cutting-edge aerospace technology,” said Eric Anderson, president and CEO of Space Adventures. “As a wholly-owned subsidiary of Space Adventures, Space Launch will utilize its innovative technology and technical capability to build upon our existing market leadership position.”
As a leading commercial space experiences company, Space Adventures is a driving force behind private sector space exploration, according to Jacob Lopata, CEO of Space Launch Corporation, who will maintain his title and position, post-acquisition.
Space Launch Corp. was formed in 1999 to develop and bring to market affordable products and services for the small satellite launch industry. Focused primarily on the development of aerospace vehicles, Space Launch has spent the past five years working with the U.S. government on new launch systems and their related technologies, successfully executing on contracts exceeding $25 million.
Space Adventures has successfully launched private explorers to space and is based in Vienna, Va. with offices in Cape Canaveral, Fla., Moscow and Tokyo. It offers a variety of programs such as the availability today for orbital spaceflight missions to the International Space Station, commercial missions around the moon, Zero-Gravity and jet flights, cosmonaut training, spaceflight qualification programs and reservations on future suborbital spacecrafts.
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