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Space Perspective raises $40M Series A for stratospheric balloon rides

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The successful commercial launches of Blue Origin, SpaceX and Virgin Galactic have officially ushered in a new era of space tourism. But unlike these companies, which are planning on taking people to space using rockets or spaceplanes, two-year-old startup Space Perspective is taking a different tack.
Instead of going to space on a rocket, which are prohibitively expensive to develop and may not appeal to all customers, the startup plans to offer rides to the stratosphere using a capsule attached to a large balloon. Its plans have attracted investor interest: the company said Thursday it had raised a $40 million Series A to take it through to its first planned commercial flights in late 2024.
Space Perspective has already collected 475 reservations, each of which was secured by a deposit between $10,000-$25,000, depending on how soon the passenger is looking to fly. The total cost of a seat is $1 …

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