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Inflatable Private Space Station Launched 233

Anonymous_Space_Ranger writes "CNN is reporting that the first steps to have a private space station are underway in Russia. While today's launch is unmanned, it is designed to orbit the planet for 5 years while the durability of the design is tested and future flights are planned around it." From the article: "[Robert] Bigelow envisions building a private orbiting space complex by 2015 that would be made up of several expandable Genesis-like modules linked together and could be used as a hotel, or perhaps a science lab or college. He has committed $500 million toward the project."
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Inflatable Private Space Station Launched

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Lavish spending can be disastrous. Don't buy any lavishes for a while.