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NEWS
Space race hots up as Chinese investor plans US$1.5bn theme park with real space flights
POSTED 09 Sep 2016 . BY Tom Anstey
The 'Traveller' will be carried upwards by a helium-filled balloon. Once at target altitude, the capsule will remain in the atmosphere for up to three hours, before descending to the landing area using GPS tracking Credit: KuangChi Science
A major Chinese investor is hoping to pip Richard Branson to the post in the space tourism race, unveiling US$1.5bn (€1.3bn, £1.1bn) plans to build a theme park in Hangzhou centred around a 21km (13m) balloon ride into the upper reaches of earth’s atmosphere.

The ambitious plans by Shenzen-based company KuangChi Science will offer a leisurely skyride, using a high-altitude weather balloon to transport passengers to more than double the height of a commercial flight, offering scenic views of the earth's curvature.

KuangChi – headed by Liu Ruopeng – has detailed the plans on its website, which will use a pressurised capsule, called the “Traveller,” that will be carried upwards by a helium-filled balloon. Once at target altitude, the capsule will remain in the atmosphere for up to three hours, before descending to the landing area using GPS tracking.

With the descent to earth usually a bumpy one, the capsule, in development for a number of years, will mitigate the force of gravity by using a ballistic parachute that will open in stages, also featuring a buffering gasbag to slow the capsule when it lands.

"Our mission is to develop science and technology that create a future life ecology. We have chosen Hangzhou because it is a city that embraces innovation and tolerates failure, for the Valley. Moreover, the Qingshan Lake, where the Valley is going to be built, has a large water surface and cubical space for us to run the machine," said Liu, speaking to China Daily.

"Science needs globalisation to deliver a connected system that fundamentally changes every aspect of people's life. An important theme of the event is to connect the world into a common community, which is exactly what future science needs to create new productivity."

The theme park, which will be developed at a cost of US$1.5m (€1.3m, £1.1m), will include a simulator version of the balloon ride for those who cannot afford the cost of the real thing, with the ride itself expected to cost in the region of US$75,000 (€66,000, £56,000) per person. The park expected to open in 2017.

The balloon flights will be in direct competition with Richard Branson’s Virgin Galactic, which started a new round of testing earlier in the year following a fatal crash. Once completed, Virgin Galactic will fly at a much higher 46km (28.5m), though the cost will also soar to US$250,000 (€221,500, £188,000) per person.
RELATED STORIES
  Virgin Galactic reveals new craft for commercial space travel


Sir Richard Branson’s intergalactic ambitions have taken flight once more, after Virgin Galactic unveiled an updated version of its commercial spacecraft, which will begin a new round of testing following a fatal crash 16 months ago.
  Another step forward for space tourism plans


Britain’s ambitious space tourism are taken one step closer, after a three month consultation has shown widespread support for a UK spaceport.
  Scotland dominates list of potential sites for UK spaceport


The UK’s bid to become a space tourism hotspot has taken a ‘giant leap’ forward, after the government unveiled eight coastal sites under consideration to host the country’s first spaceport – six of which are in Scotland.
  FAA grants experimental launch permit for Virgin Galactic spacecraft


Virgin Galactic has moved a step closer to operating commercial space travel services after it secured an experimental launch permit by the Federal Aviation Administration (FAA).
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Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
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NEWS
Space race hots up as Chinese investor plans US$1.5bn theme park with real space flights
POSTED 09 Sep 2016 . BY Tom Anstey
The 'Traveller' will be carried upwards by a helium-filled balloon. Once at target altitude, the capsule will remain in the atmosphere for up to three hours, before descending to the landing area using GPS tracking Credit: KuangChi Science
A major Chinese investor is hoping to pip Richard Branson to the post in the space tourism race, unveiling US$1.5bn (€1.3bn, £1.1bn) plans to build a theme park in Hangzhou centred around a 21km (13m) balloon ride into the upper reaches of earth’s atmosphere.

The ambitious plans by Shenzen-based company KuangChi Science will offer a leisurely skyride, using a high-altitude weather balloon to transport passengers to more than double the height of a commercial flight, offering scenic views of the earth's curvature.

KuangChi – headed by Liu Ruopeng – has detailed the plans on its website, which will use a pressurised capsule, called the “Traveller,” that will be carried upwards by a helium-filled balloon. Once at target altitude, the capsule will remain in the atmosphere for up to three hours, before descending to the landing area using GPS tracking.

With the descent to earth usually a bumpy one, the capsule, in development for a number of years, will mitigate the force of gravity by using a ballistic parachute that will open in stages, also featuring a buffering gasbag to slow the capsule when it lands.

"Our mission is to develop science and technology that create a future life ecology. We have chosen Hangzhou because it is a city that embraces innovation and tolerates failure, for the Valley. Moreover, the Qingshan Lake, where the Valley is going to be built, has a large water surface and cubical space for us to run the machine," said Liu, speaking to China Daily.

"Science needs globalisation to deliver a connected system that fundamentally changes every aspect of people's life. An important theme of the event is to connect the world into a common community, which is exactly what future science needs to create new productivity."

The theme park, which will be developed at a cost of US$1.5m (€1.3m, £1.1m), will include a simulator version of the balloon ride for those who cannot afford the cost of the real thing, with the ride itself expected to cost in the region of US$75,000 (€66,000, £56,000) per person. The park expected to open in 2017.

The balloon flights will be in direct competition with Richard Branson’s Virgin Galactic, which started a new round of testing earlier in the year following a fatal crash. Once completed, Virgin Galactic will fly at a much higher 46km (28.5m), though the cost will also soar to US$250,000 (€221,500, £188,000) per person.
RELATED STORIES
Virgin Galactic reveals new craft for commercial space travel


Sir Richard Branson’s intergalactic ambitions have taken flight once more, after Virgin Galactic unveiled an updated version of its commercial spacecraft, which will begin a new round of testing following a fatal crash 16 months ago.
Another step forward for space tourism plans


Britain’s ambitious space tourism are taken one step closer, after a three month consultation has shown widespread support for a UK spaceport.
Scotland dominates list of potential sites for UK spaceport


The UK’s bid to become a space tourism hotspot has taken a ‘giant leap’ forward, after the government unveiled eight coastal sites under consideration to host the country’s first spaceport – six of which are in Scotland.
FAA grants experimental launch permit for Virgin Galactic spacecraft


Virgin Galactic has moved a step closer to operating commercial space travel services after it secured an experimental launch permit by the Federal Aviation Administration (FAA).
MORE NEWS
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
London Museum reveals 2026 opening date for new Smithfield home
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Toverland unveils €98m expansion plan as park prepares to launch resort development
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COMPANY PROFILES
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
TechnoAlpin Indoor

TechnoAlpin is the world leader for snowmaking systems. With the Indoor snow division, TechnoAlpin c [more...]
instantprint

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
 


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