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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.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, 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.

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