SA's Singapore Spaceport Struggling

Space Adventures, the leading space tourism company, announced a few months ago it was building a spaceport in Singapore, from which it would fly tourists on subortal flights. The project, however, is suffering from a lack of investor support. Even though the amount needed from investors is a rather modest amount for a commercial development project at US$15 million, SA has yet to raise it.

The company said it is looking at possibilities in China, Japan, and Korea, but is still confident the Singapore project will work out. SA is clearly trying to establish itself as the leader in the potentially huge Asian market, but the fact that investors are not more interested seems one more piece of evidence suggesting the expansion of private enterprise into space will be a slow process.