
HALO Space Announces Second Test Flight, Accelerating Mission to Transform Space Tourism
HALO Space, a global space tourism company developed via Arthur D. Little’s Breakthrough Incubator Program, has announced the next stage of its journey towards the launch of its innovative edge-of-space experience. HALO Space’s second test will take place in southern Spain this year after its first test flight in India was completed successfully last December.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230328005926/en/
HALO Space Announces Second Test Flight, Accelerating Mission to Transform Space Tourism (Photo: Business Wire)
HALO Space is committed to enabling 10,000 passengers in this decade to experience the “Overview Effect”, where both the Earth’s curvature and the darkness of space can be observed. From 2025, HALO Space will lift eight passengers per flight up to 40 kilometers into the stratosphere for a transformative experience that will last four to six hours.
With a mission to offer safe, sustainable and eco-friendly journeys, HALO Space aims to lead the market for commercial space travel, which analysts predict will reach $14 billion by 2030. The company has been supported since its inception by Arthur D. Little, which has a deep history in space technology stretching back to the Apollo missions of the 1960s.
Thomas Kuruvilla, Managing Partner of Arthur D. Little Middle East and member of the Board of Directors at HALO Space said: "HALO Space was established thanks to Arthur D. Little’s Breakthrough Incubator program, and this next test flight is a significant milestone in the development of space tourism. Each component of the HALO concept, including the stratospheric balloon, capsule prototype, onboard systems, and descent with parachute, has been successfully tested in collaboration with our technical partners. It demonstrates that the technology and safety measures are in place to make suborbital flights accessible to civilians in the near future.”
Priced between $100,000 and $200,000, HALO Space aims to make 400 commercial trips and carry 3,000 passengers a year from 2029 onwards. This will make space travel affordable for millions of people, inspiring a new generation of explorers and innovators to push the boundaries of what's possible in space.
HALO Space is also setting the safety standards for near-space systems and operations through its innovative HALO system, designed and built by five leading aerospace companies. It will operate year-round from spaceports on four continents based on predictability of weather conditions, topography, airspace, and touristic attractiveness.
HALO Space’s ascent and descent is safe and gentle, making it possible for adults of virtually any age and physical condition to enjoy this once-in-a-lifetime event. It plans to operate sustainable, eco-friendly flights in line with its commitment to environmental responsibility.
Carlos Mira, HALO's CEO and senior advisor at Arthur D. Little, added: “HALO Space will pave the way for near-space tourism, making it possible for ordinary people to travel to space and witness the beauty of our planet from a unique perspective. By making space accessible to more people, we hope to democratize access to space and create a more inclusive future for humanity.”
ABOUT HALO SPACE
HALO Space is a global space tourism company that will offer zero-emission commercial flights between 25 and 40 kilometers high, allowing passengers to observe the curvature of the planet Earth and the vastness of Space in a flight that lasts up to 6 hours. This will be possible thanks to its aerospace balloon, equipped with a pressurized capsule with capacity for eight passengers and a pilot, which will have panel windows offering a 360º view.
Founded in 2021, HALO Space was initially incubated by the prestigious consulting firm Arthur D. Little in its Breakthrough Incubator program. After securing €3 million in seed funding, HALO operates independently and is led by industry veterans Carlos Mira, CEO, and Alberto Castrillo, chief technology officer (CTO). HALO Space will work closely with a consortium of top-tier aerospace companies such as CT Engineering Group, Aciturri, GMV and TIFR in the development of its spaceflight program.
About Arthur D. Little
Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We navigate our clients through changing business ecosystems to uncover new growth opportunities. We enable our clients to build innovation capabilities and transform their organizations.
Our consultants have strong practical industry experience combined with excellent knowledge of key trends and dynamics. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations.
For further information, please visit www.adlittle.com or www.adl.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005926/en/
Contact information
Cate Bonthuys
Catalyst Comms
+44 7746 546773
Bonthuys.Cate@adlittle.com
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
H.I.G. Capital Announces the Sale of DGS S.p.A.11.6.2024 12:00:00 CEST | Press release
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $62 billion of capital under management, is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), a leading firm in the Italian Information Technology market, to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager. Since its inception in 1997, DGShas supported blue-chip customers in the design, integration, and maintenance of complex IT systems, with a specialization in digital transformation and cybersecurity services. The Group currently has over 1,900 employees, revenues of approximately €300 million, and maintains a group of highly loyal clientele. During H.I.G.’s ownership, DGS has tripled in size and consolidated its position as a leading Italian firm in cybersecurity services and digital transformation. DGS offers its clients sophisticated and proprietary digital transformation
Evertas Names Nick Selby Head of European Underwriting11.6.2024 12:00:00 CEST | Press release
Evertas, the world’s first crypto insurance company, has named Nick Selby as its new Head of European Underwriting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611141887/en/ Nick Selby, Executive Vice President and Head of European Underwriting at Evertas (Photo: Business Wire) Selby, an accomplished information and physical security professional, brings two decades of expertise in public and private sector information security, physical security, and complex incident handling, as well as seven years of experience leading teams securing billions of dollars in cryptoassets. Previously, his roles included VP of the Software Assurance Practice at Trail of Bits, Chief Security Officer at Paxos Trust Company, and Director of Cyber Intelligence and Investigations at the NYPD Intelligence Bureau. “Nick is an extremely valuable addition to our European team,” said Evertas CEO and Co-Founder J. Gdanski. “His public and private
Owlet utvider globalt fotavtrykk med lanseringen av medisinsk-sertifisert Dream Sock™ i Storbritannia og over hele Europa11.6.2024 11:00:00 CEST | Pressemelding
Owlet, Inc. («Owlet» or the «Company») (NYSE:OWLT), pioneren innen smart spedbarnsovervåking, kunngjør i dag den britiske og europeiske lanseringen av Dream Sock. Dette er en smart babymonitor med levende helseavlesninger og varsler for friske spedbarn mellom 0-18 måneder og 2,5-13,6 kg. Dette innovative medisinske utstyret gir foreldre helse og viktig informasjon i sanntid, noe som gir uovertruffen trygghet. Denne pressemeldingen inneholder multimedia. Se hele pressemeldingen her: https://www.businesswire.com/news/home/20240611820341/no/ (Photo: Business Wire) «Vi er svært stolte over å lansere Dream Sock til omsorgspersoner over hele Storbritannia og Europa og gi millioner av foreldre mer trygghet mens babyen sover,» sa Kurt Workman, Owlets administrerende direktør og medgründer. «Dream Sock er nå et globalt produkt som er anerkjent som medisinsk nøyaktig og trygt, etter å ha gjennomgått regulatoriske autorisasjoner og sertifiseringer innenfor flere geografier. I dag er misjonen vår
V-Nova Surpasses 1000 Patent Milestone in Media Technology Innovation11.6.2024 10:00:00 CEST | Press release
V-Nova, a leading provider of data compression solutions, video compression technology, XR technology, AI acceleration and parallel processing for a multitude of industries including media and entertainment, today announced its milestone achievement of 1000 active technology patents. This accomplishment underscores V-Nova’s dedication to research and development and its commitment to protecting its intellectual property globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611724561/en/ V-Nova’s patent portfolio spans more than 50 different jurisdictions. Including over 400 patents in Europe, over 200 in the Americas, over 100 in the United States specifically, and over 200 in Asia. V-Nova forged new directions in data processing to enhance digital experiences, maximize efficiency, reduce costs, and increase sustainability. The company leads the way with key international data compression standards for the video indust
Alipay+ Reveals Top Scorer Trophy Design for UEFA EURO 2024™11.6.2024 09:24:00 CEST | Press release
Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International and an Official Partner of UEFA EURO 2024™, today revealed the trophy that will be awarded to the most prolific marksman at the UEFA EURO 2024™ finale on July 14 in Berlin, Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610328619/en/ The UEFA Top Scorer Trophy presented by Alipay+ is unveiled for UEFA EURO 2024™ (Photo: Business Wire) Sculpted in the shape of the Chinese character “支” (pronounced zhi, and meaning payment as well as support), the trophy reflects Alipay+’s dedication to supporting consumers to enjoy seamless payment and a broad choice of deals using their preferred payment methods while traveling abroad. The character also resembles the fleeting moment of a barefooted striker poised to shoot, evoking the original beauty and power of football – a game that united people across the wo