Washington: Jeff Bezos, a billionaire and owner of space tourism company Blue Origin, has announced that he will open a business park in space. The park, named Orbital Reef, is expected to be operational by 2025. The park will have an area of 32,000 square feet. It can accommodate up to 10 people at a time. Orbital Reef will be equipped with facilities for filming in space. There will also be a space hotel.
Sierra Space and Boeing will also partner with Blue Origin in the construction of the park. The companies said in a statement that the park would house space agencies, a consortium of technology companies, countries that do not have their own space station, media and tourism companies, researchers and entrepreneurs.
However, information about the cost of the project has not been released. Bezos, which has announced that it will spend Rs 7,490 crore (US $ 100 crore) a year on Blue Origin, is expected to invest heavily in the project.
The announcement comes after researchers suggested that the 20-year-old NASA International Space Station be restored. Russia has previously said that its astronauts will leave the station by 2025. He pointed out that outdated equipment at the plant could lead to accidents. In response, NASA announced that it would provide Rs 2,297 crore to private contractors to replace the equipment. American space companies Nanorax, Voyager Space and Lockheed Martin have announced that they will establish their space station by 2027.