Spanish high altitude balloon company to fly tourist flights from South Korea

The Spanish high altitude balloon startup Zero-2-Infinity has now established an office in South Korea with the intention of flying tourist flights from there for a ticket price of about $60k per flight.

Zero 2 Infinity plans to begin its Korean operations with a project called “Byul” — the Korean word for star — which offers a symbolic farewell for pet lovers. The initiative will invite volunteers to send the ashes of their deceased furry companions into the stratosphere, carried in star-shaped, biodegradable capsules. The company aims to begin collecting participants this September, with the first near-space release scheduled for December in Korea.

Byul will apparently be a smaller balloon with no human passengers. The company claims it has already test flown a larger helium balloon with humans aboard to an altitude of 6 miles, and again unmanned to 20 miles. If so it has done so with no publicity at all. This announcement today appears more a push to raise the $70 million the company says it needs to develop this manned balloon capsule.

War between two Spanish space balloon companies

Capitalism in space: A legal battle is developing between two different Spanish high altitude space balloon companies, one that came first, and a second that is being backed by a venture capitalist who had previously worked at the first.

Jose Mariano Lopez Urdiales, an MIT-trained aeronautics engineer who founded Zero 2 Infinity 11 years ago, says Kemel Kharbachi, the now CEO of EOS X Space, worked closely with the company to raise a €1m investment for Zero 2 Infinity. But the funding deal never happened.

Instead, Kharbachi, whose previous experience has focused on tourism and catering, has emerged to build his own rival space balloon business.

It does appear, from the details outlined in the article, that Kharbachi essentially stole the concept and designs from Zero 2 Infinity in order to form his own company.

As these Spanish companies fight it out, a third company in America, Space Perspectives, hopes to begin flying tourists on its stratospheric balloon, dubbed Neptune, by ’24.