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Space Adventures Buys Zero-G

Space Adventures has consolidated its position in the space tourism market by acquiring a 100 percent stake in Zero-G, a company that provides micro-gravity aircraft flights. No price was disclosed.

“Bringing the companies together allows us to provide a range of exclusive commercial spaceflight services from parabolic flights to orbital missions,” said Zero-G CEO Peter Diamandis.

Diamandis, who also co-founded Space Adventures, remains as Zero-G’s chief executive and becomes a managing director of Space Adventures. Former NASA astronaut Byron Lichtenberg will stay as Zero-G’s chief technology officer.

Space Adventures was already a major investor in Zero-G. The Vienna, Virginia-based company provides tourism flights to the International Space Station and is planning similar missions around the moon. Zero-G is based in Florida and Las Vegas.

Space.com has more information. You can also read Space Adventures‘ press release.