Japanese billionaire Yusaku Maezawa speaks near a Falcon 9 rocket during the announcement by Elon Musk to be the first private passenger who will fly around the Moon aboard the SpaceX BFR launch vehicle, at the SpaceX headquarters and rocket factory on September 17, 2018 in Hawthorne, California. Japanese billionaire businessman, online fashion tycoon and art collector Yusaku Maezawa was revealed as the first tourist who will fly on a SpaceX rocket around the Moon. / AFP / DAVID MCNEW
Japanese billionaire businessman, online fashion tycoon and art collector Yusaku Maezawa was revealed as the first tourist who will fly on a SpaceX rocket around the Moon. AFP

2018: A Space Oddity as Japanese fashion billionaire pays to fly to the Moon for the first time in nearly 50 years



It is almost 47 years since human beings last ventured into deep space.

The crew of Apollo 17 – Eugene Cernan, Ronald Evans and Harrison Schmitt – returned home from the last mission to the Moon on December 7, 1972.

Since then, our trips have been restricted to short orbital flights and stays on the International Space Station. We still call them astronauts but their missions take them barely out of Earth’s atmosphere.

To give this some perspective, the crew of Apollo 17 travelled 400,000 kilometres to reach the landing site in the Taurus-Littrow Valley.

Reaching the ISS is a journey of 400km. It is as if the bus from Abu Dhabi to Dubai now runs barely two city blocks from the station on Airport Road before turning back.

Now it seems humanity may be back in the deep, or at least deeper, space game. The successor to the likes of Apollo 17’s Cernan, who died in January last year at the age of 82, is Yusaku Maezawa, a Japanese online shopping billionaire and former punk rock drummer.

Mr Maezawa, whose brands include the made-to-measure online clothing store Zozo, is the first customer for Elon Musk’s long-heralded project to fly a private citizen round the Moon.

Details are scarce but he will lift off in the still-untested SpaceX Big Falcon Rocket accompanied by up to eight artists who, in Mr Maezawa’s words, will “create something after they return to Earth. These masterpieces will inspire the dreamer within all of us”.

No details have been released about the price tag for the mission, which Mr Musk originally proposed for this year but is now tentatively set for 2023, when Mr Maezawa will be 47.

Presumably, the ticket is fully refundable. SpaceX has yet to make a manned flight even in low-Earth orbit and of the larger rocket, Mr Musk has said that “it’s not 100 per cent certain we can bring this to flight”.

But what seems at first like the latest act of extravagance by a Japanese billionaire may be of much greater significance for space travel. It reminds us how limited our experience of deep space is.

Only 24 people have travelled there and they were all men, all Americans and all white.

Nasa was born out of the rivalry between communist Russia and capitalist America, with the latter emerging victorious after outspending its rival and almost bankrupting both in the process.

Six missions after the first Moon landing in 1969, American politicians refused to keep paying Nasa’s enormous bills, killing off further manned deep-space exploration.

Despite much talk of returning to the Moon and even manned missions to Mars, it has stayed that way for nearly half a century.

Merely the idea of Mr Maezawa and his fellow “artstronaughts” raises questions about the nature of future deep space exploration – and who will pay for it.

Several prominent scientists now question whether governments should be in the manned deep space game.

In a lecture in London this month, Britain’s Astronomer Royal, a venerable title that goes back to 1675, argued that if rich people wanted to pay to go into space, that was probably the only way forward.

The future for manned space flight, Martin Rees predicted, “lies with the private sector, wealthy individuals accepting higher risks than Nasa can impose on civilian astronauts – and doing things more cheaply”.

Mr Rees is not alone in his belief that the future of space travel could be in tourism – people rich enough and brave enough to pay for the ultimate thrill ride.

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Read more:

Who is Yusaka Maezawa? Artist, entrepreneur, fashion tycoon, space traveller

World Government Summit: UAE is providing world with a glimpse of the future says leading space expert

How Boeing's Starliner is getting ready to rocket the United States back into manned space flight

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There are plenty of them out there. Mr Maezawa is estimated to be worth $3.6 billion (Dh13.22bn) but he is only the 14th richest man in Japan.

There are now more than 2,200 billionaires in the world, a number that continues to rise, with a total worth of $9.1 trillion. That is three times the US federal budget and enough money to fund Nasa for the next 500 years.

Those wealthy enough to want to go to space will probably have a growing range of choices.

SpaceX is merely the best known of several private companies investing in space flight.

Most are angling for government contracts, with the US ready to start sending astronauts back into orbit after relying on the ageing Russian Soyuz aircraft to fly to the International Space Station since the launch of the last Space Shuttle in 2011.

Jeff Bezos of Amazon is pushing ahead with his Blue Origin rocket and planning the first manned flights of the New Shepard capsule, named after Alan Shepard, the first American in space.

Mr Bezos has already said he would take passengers on the New Shepard, the design of which features reclining seats and picture windows. The price is rumoured to be between $200,000 and $300,000 for a return ticket.

The growing competition and market for private space flight is likely only to increase the capacity to carry passengers and the likelihood that prices will be driven down.

Some entrepreneurs are already talking about more distant journeys. Mr Musk has expressed a desire to die on Mars, “but not on impact”.

Travelling into low Earth orbit to watch as the world ­revolves below and experience the thrill of zero gravity, is likely to become the ultimate travel bucket-list experience for those who can afford it.

It is already the business model for Virgin Galactic, the space tourism business developed by Richard Branson, with Unity, a reusable space plane and a waiting list of several hundred customers prepared to pay $250,000 for a flight that will last about two hours.

Abu Dhabi bought a major stake in Virgin Galactic through its investment company Aabar, as part of the country’s burgeoning space industry, which includes a planned probe to Mars to be launched in 2021, the UAE’s golden jubilee.

The UAE also has plans to build the first city on the Red Planet by 2117.

Mr Branson’s plans have been much delayed by technical challenges and a crash of a prototype in 2014 that killed one of the test pilots, but the British billionaire still talks of being in space within the year.

For those looking for a longer vacation, the current talk is of space hotels – essentially more luxurious versions of the ISS.

The most ambitious of these is Aurora Station, billed as "the world's first luxury space station". At about $9 million for a 12-day holiday in space, the Aurora Station will house four guests and two crew, along with high-speed Wi-Fi.

Frank Bunger, the American founder and chief executive of Orion Span – the company behind the space hotel, which is set to open in 2022 – says that rooms on the Aurora Station are already sold out for the first six months.

“Our goal is to make space accessible to all by continuing to drive greater value at lower cost,” Mr Bunger says.

The Limehouse Golem
Director: Juan Carlos Medina
Cast: Olivia Cooke, Bill Nighy, Douglas Booth
Three stars

UAE currency: the story behind the money in your pockets
Abu Dhabi GP starting grid

1 Lewis Hamilton (Mercedes)

2 Valtteri Bottas (Mercedes)

3 Sebastian Vettel (Ferrari)

4 Kimi Raikkonen (Ferrari)

5 Daniel Ricciardo (Red Bull)

6 Max Verstappen (Red Bull)

7 Romain Grosjean (Haas)

8 Charles Leclerc (Sauber)

9 Esteban Ocon (Force India)

10 Nico Hulkenberg (Renault)

11 Carlos Sainz (Renault)

12 Marcus Ericsson (Sauber)

13 Kevin Magnussen (Haas)

14 Sergio Perez (Force India)

15 Fernando Alonso (McLaren)

16 Brendon Hartley (Toro Rosso)

17 Pierre Gasly (Toro Rosso)

18 Stoffe Vandoorne (McLaren)

19 Sergey Sirotkin (Williams)

20 Lance Stroll (Williams)

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

NEW ARRIVALS

Benjamin Mendy (Monaco) - £51.75m (Dh247.94m)
Kyle Walker (Tottenham Hotspur) - £45.9m
Bernardo Silva (Monaco) - £45m
Ederson Moraes (Benfica) - £36m
Danilo (Real Madrid) - £27m
Douglas Luiz (Vasco de Gama) - £10.8m

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

The story of Edge

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Fixtures

Saturday, May 28, United States v Scotland
Sunday, May 29, United States v Scotland
Tuesday, May 31, UAE v Scotland
Wednesday, June 1, UAE v United States
Friday, June 3, UAE v Scotland
Saturday, June 4, UAE v United States

UAE squad: Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, Vriitya Aravind, CP Rizwan, Basil Hameed, Rohan Mustafa, Kashif Daud, Karthik Meiyappan, Zahoor Khan, Junaid Siddique, Alishan Sharafu, Akif Raja, Rahul Bhatia

Table
1. Oman 32 19 11 40 +0.156
2. Scotland 16 11 3 24 +0.574
3. UAE 18 10 6 22 +0.22
4. Namibia 14 7 7 14 +0.096
5. United States 16 7 9 14 -0.229
6. Nepal 12 6 6 12 +0.113
7. Papua New Guinea 20 1 19 2 -0.856

Children who witnessed blood bath want to help others

Aged just 11, Khulood Al Najjar’s daughter, Nora, bravely attempted to fight off Philip Spence. Her finger was injured when she put her hand in between the claw hammer and her mother’s head.

As a vital witness, she was forced to relive the ordeal by police who needed to identify the attacker and ensure he was found guilty.

Now aged 16, Nora has decided she wants to dedicate her career to helping other victims of crime.

“It was very horrible for her. She saw her mum, dying, just next to her eyes. But now she just wants to go forward,” said Khulood, speaking about how her eldest daughter was dealing with the trauma of the incident five years ago. “She is saying, 'mama, I want to be a lawyer, I want to help people achieve justice'.”

Khulood’s youngest daughter, Fatima, was seven at the time of the attack and attempted to help paramedics responding to the incident.

“Now she wants to be a maxillofacial doctor,” Khulood said. “She said to me ‘it is because a maxillofacial doctor returned your face, mama’. Now she wants to help people see themselves in the mirror again.”

Khulood’s son, Saeed, was nine in 2014 and slept through the attack. While he did not witness the trauma, this made it more difficult for him to understand what had happened. He has ambitions to become an engineer.

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 + VAT and Dh166,464 + VAT 

On sale: now

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

THE STRANGERS' CASE

Director: Brandt Andersen
Starring: Omar Sy, Jason Beghe, Angeliki Papoulia
Rating: 4/5

UAE Warriors 45 Results

Main Event : Lightweight Title
Amru Magomedov def Jakhongir Jumaev - Round 1 (submission)
Co-Main Event : Bantamweight
Rany Saadeh def Genil Franciso - Round 2 (submission)
Catchweight 150 lbs
Walter Cogliandro def Ali Al Qaisi - Round 1 (TKO)
Bantamweight
Renat Khavalov def Hikaru Yoshino - Round 2 (TKO)
Flyweight
Victor Nunes def Nawras Abzakh - Round 1 (TKO)
Flyweight
Yamato Fujita def Sanzhar Adilov - Round 1 (submission)
Lightweight
Abdullo Khodzhaev def Petru Buzdugen - Round 1 (TKO)
Catchweight 139 lbs
Razhabali Shaydullaev def Magomed Al-Abdullah - Round 2 (submission)
Flyweight
Cong Wang def Amena Hadaya - Points (unanimous decision)
Middleweight
Khabib Nabiev def Adis Taalaybek Uulu - Round 2 (submission)
Light Heavyweight
Bartosz Szewczyk def Artem Zemlyakov - Round 2 (TKO)

COMPANY PROFILE

Company name: CarbonSifr
Started: 2022
Based: Dubai
Founders: Onur Elgun, Mustafa Bosca and Muhammed Yildirim
Sector: Climate tech
Investment stage: $1 million raised in seed funding

Tell-tale signs of burnout

- loss of confidence and appetite

- irritability and emotional outbursts

- sadness

- persistent physical ailments such as headaches, frequent infections and fatigue

- substance abuse, such as smoking or drinking more

- impaired judgement

- excessive and continuous worrying

- irregular sleep patterns

 

Tips to help overcome burnout

Acknowledge how you are feeling by listening to your warning signs. Set boundaries and learn to say ‘no’

Do activities that you want to do as well as things you have to do

Undertake at least 30 minutes of exercise per day. It releases an abundance of feel-good hormones

Find your form of relaxation and make time for it each day e.g. soothing music, reading or mindful meditation

Sleep and wake at the same time every day, even if your sleep pattern was disrupted. Without enough sleep condition such as stress, anxiety and depression can thrive.

The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

Company profile

Company: POPC
Started: 2022
Founders: Amna Aijaz, Haroon Tahir and Arafat Ali Khan
Based: Dubai, UAE
Industry: art and e-commerce
Funds raised: undisclosed amount raised through Waverider Entertainment


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