Orion Span kicks off campaign for space hotel

Aurora Station

Artist’s conception shows Orion Span’s Aurora Station with a spaceship nearby. (Orion Span Illustration)

Orion Span, a Houston-based venture that’s planning to put a luxury hotel in orbit, has kicked off a crowdfunding effort aimed at raising up to $2 million in new investment.

The campaign is being run through SeedInvest, an online investment service that operates under a special set of regulations developed by the Securities and Exchange Commission. The system is similar to crowdfunding sites such as Kickstarter — but instead of getting T-shirt rewards or discounts on gizmos, the contributors receive securities, typically in the form of equity in the company.

During the first hours of the 50-day campaign, Orion Span attracted more than $150,000 in investment. The funding round can amount to as much as $2 million, with a $5 million valuation cap.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
This entry was posted in GeekWire and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.