Space, the final frontier. And for $5.25, you can buy a piece of its doorstep.
So says a Fort Lauderdale company with a name that sounds like it came from an old-real old-science fiction comic book.
Outerspace Development Co. has filed with the Securities and Exchange Commission an offering to sell 952,381 shares of stock, at a maximum of $5.25 a share, to begin development of an orbiting space station.
If Outerspace succeeds, it could be the greatest intergalactic stretch in the annals of Earth capitalism.
Outerspace had $5,172 in assets, including $31 worth of furniture, and $13,890 in liabilities in 1993.
Its prior ventures? Publishing a newsletter and selling club memberships and items from a club catalog.
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But starry-eyed risk-takers might want to get on board the poor man’s version of the space station while the going’s cheap.
NASA is under marching orders to produce a government-owned space station for $31 billion by 2002. It’s such a daunting project that the Russians are now in on it.
Outerspace is prepared for cost overruns. According to its registration statement, company bylaws permit the issuance of up to five billion shares.
Once in orbit, Outerspace’s space station would sell leases to “private industries for commercial purposes” and to “universities and other academic groups for research purposes.”
Company Chairman John M. House could not be reached to discuss his launch plans. Outerspace has no listed terrestrial phone number.