Business Commentary for Rational Individuals

Joint Ventures in Russia: Space Adventures Ltd.

Dr. Bill Belew

Issue IV - July 4, 2006

Introduction by Mr. Stolyarov: Dr. Belew informs us of a new collaborative space tourism venture, undertaken by Space Adventures, Venture capitalist firm Prodea, and Russian aerospace firm Myasishchev Design Bureau. This is good news for the development of private space flight; since SpaceShipOne made history in 2004 as the first private manned space flight, extensive capital has been invested into larger private space tourism projects. It is good to learn that another such project is getting underway; the opportunities for economic growth, improved transportation, and enhanced leisure from private space travel are immense.

Space Adventures, Venture capitalist firm Prodea, and Russian aerospace firm Myasishchev Design Bureau are planning to share their science notes to build suborbital flight vehicles that can take you and me into space.

Myasishchev will design and build the ships.

Vienna, Va.-based Space Adventures -- which has already sent three tourists to the international space center since 2001 -- will do the selling.

Prodea will beam up the necessary funds when required.

The spaceship is expected to hold 5 very very wealthy travelers who have lots and lots of time on their hands to prepare for the trip.

If I were going to go into space, I think I would like to go on a Russian spaceship. They have, by far, the best record of getting everyone back that they send off -- one way or another.

What do you think?

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Dr. Bill Belew is a former Intelligence Officer for a Destroyer Squadron. He lived 20 years in Japan, where he started a language school for Japanese ECS. Dr. Belew teaches classes for a vocational school and online for a national university.

See Dr. Belew's blog, PanAsianBiz, for news and discussions about business and current events in Russia and Asia. See ZhongHuaRising for Dr. Belew's reports on business in China, RisingSunofNihon on business in Japan, and TheBizofKnowledge on business education.

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