Arab Press

بالشعب و للشعب
Saturday, Mar 28, 2026

This Fashion Billionaire Plans To Hand Out Cash From Space

This Fashion Billionaire Plans To Hand Out Cash From Space

Japanese billionaire Yusaku Maezawa blasted off from the Baikonur Cosmodrome in Kazakhstan Wednesday on a Soyuz spacecraft taking him to the International Space Station for a 12-day trip.

Japanese billionaire Yusaku Maezawa, who regularly gives out money on Twitter to attract followers, is planning to do the same from space.

The 46-year-old fashion magnate blasted off from the Baikonur Cosmodrome in Kazakhstan Wednesday on a Soyuz spacecraft taking him to the International Space Station for a 12-day trip. "I feel like a kid waiting for a school trip," Maezawa said at an earlier news conference.

The founder of online clothing retailer Zozo Inc is Japan's first space tourist. The trip is a prelude to a planned SpaceX trip to the moon, announced in 2018 by Maezawa and Space Exploration Technologies Corp. founder Elon Musk. As entrepreneurs open up a new era in space, Miami tech tycoon Lane Bess is also among those blasting off this week on a rocket from Jeff Bezos's Blue Origin.

Maezawa, also the first space tourist to travel to the ISS in more than a decade, has spent months tweeting about his planned sojourns beyond earth's atmosphere, using the social-media platform to recruit fellow space tourists and even find a life partner to travel with him on the lunar trip scheduled for 2023. The billionaire, who has a tendency to overshare his life in tweets, will be detailing the results of experiments requested by his fans on his YouTube channel of more than 770,000 subscribers.


The mogul, who skipped college and joined a rock band before amassing his wealth, has also been posting footage of his training sessions at a space center outside Moscow. The trip on the Russian Soyuz MS-20 is estimated to cost more than $88 million for Maezawa and his assistant Yozo Hirano, according to estimates in local media. Also aboard will be Roscosmos cosmonaut Alexander Misurkin.

"My dream is finally coming true," said Maezawa, who returns to earth Dec. 20. Winners of the billionaire's online cash handouts - which can be as much as 1 million yen ($8,800) - usually receive them via bank transfers; this time, instead of a lottery, Maezawa has promised that everyone who participates in the handout will win and receive some amount.

The space launch is part of broader effort to open up the ISS to business opportunities as NASA seeks to replace the space station with a commercial orbiter by 2030. In September, a SpaceX rocket sent four civilians into orbit, bolstering Musk's aspirations to make human spaceflight more accessible.

With a net worth of $3.4 billion, according to the Bloomberg Billionaires Index, Maezawa is one of Japan's most flamboyant entrepreneurs, making headlines dating celebrities and going on shopping splurges. He began to attract attention in 2016 when he bought a Jean-Michel Basquiat painting for $57.3 million, and another for $110.5 million the following year.

Zozo once became a top retailer in Japan by lining up brands on its website and selling body-tight suits to take measurements for custom-fitted clothes. But the torrid pace of growth didn't last. Maezawa resigned from management in 2019 after selling a stake in the company.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Ukraine and Saudi Arabia Reach ‘Mutually Beneficial’ Defence Agreement
Ukraine to Share Battlefield Expertise with Saudi Arabia Under New Defence Agreement
Trump Takes Center Stage at Saudi Arabia’s FII Miami Amid Escalating Iran Conflict
Gulf States Explore Pipeline Routes to Bypass Strait of Hormuz Amid Rising Tensions
Iran Conflict Drives Saudi Arabia to Deepen Security Ties with Ukraine
Saudi Arabia Reviews Desert Ski Resort Plans with Cancellation of Key Building Contracts
Saudi Arabia Targets Business Hotel Shortfall with $1 Billion Development Push
Iran and Allied Forces Intensify Strikes on Energy Sites and Urban Areas Across Region
Ukraine and Saudi Arabia Formalise Defence Cooperation Agreement, Zelenskiy Announces
Saudi Arabia Reportedly Presses US to Intensify Operations Against Iran
Saudi Arabia Expands Maritime Network with Launch of Six New Shipping Services
Saudi Arabia Launches FII Summit Amid Heightened Focus on Global Stability and Investment Risks
Saudi Arabia’s HUMAIN Secures First US Customer in Expansion of AI Capabilities
Saudi Arabia Calls on US to Seize Strategic Opportunity to Reshape the Middle East
Saudi Arabia’s Strategic Investments Help Shape Silicon Valley’s Rise
Saudi Arabia Announces Passing of King Abdullah, Marking End of an Era
Saudi Arabia May Shift From Neutrality to Retaliation if Houthi Attacks Escalate, Experts Warn
UAE and Saudi Arabia Urge Decisive US Action on Iran as Regional Pressure Intensifies
Zelensky Visits Saudi Arabia After Offering Ukraine’s Drone Expertise
Saudi Arabia Pauses Ambitious Desert Ski Project Amid Strategic Reassessment
Trump Set for Palm Beach Return Following Saudi-Backed Summit in Miami
Saudi Arabia Accelerates Yanbu Oil Exports Toward Five Million Barrel Target
Report Highlights Saudi-US Security Discussions as Trump Administration Evaluates Iran Strategy
Saudi Arabia’s Humain Commits Three Billion Dollars to Elon Musk’s xAI in Strategic Technology Push
Saudi Arabia Signals Firm Shift in Iran Policy, Declares Coexistence No Longer Viable
Saudi Clubs Prepare Major Push to Sign Mohamed Salah Amid Growing Transfer Speculation
Saudi Arabia Rejects Claims It Seeks to Prolong Regional Conflict
Saudi Arabia Condemns Iranian Actions and Signals Firm Shift Toward Stronger Response
Saudi Arabia Reassesses Strategic Approach as Regional Tensions with Iran Intensify
Pakistan Reaffirms Strong Support for Saudi Arabia Following High-Level Visit
Saudi Arabia Expands Regional Trade Links by Opening New Land and Sea Routes to UAE
World Economic Forum Delays Saudi Conference as Regional Conflict Disrupts Global Agenda
Saudi Arabia and UAE Signal Potential Entry into Iran Conflict if Critical Infrastructure Is Targeted
Global Firms Accelerate Expansion into Saudi Arabia as Economic Reforms Gain Momentum
Global Labour Pressure Mounts as ILO Faces Calls to Reject Saudi Bid to Dismiss Migrant Worker Complaint
Gulf Powers Move Closer to Entering Iran Conflict as Regional Pressure Intensifies
Saudi Arabia Breaks Ranks with Regional Allies Over Response to Iran Escalation
Saudi Arabia Moves Closer to Direct Role as Iran Conflict Intensifies
World Economic Forum Postpones Jeddah Meeting Amid Escalating Regional Tensions
Trump to Deliver Keynote Address at Saudi-Backed Investment Summit in Miami Beach
Saudi Arabia and Kuwait Press Ahead With Energy Agreements Despite Regional Conflict
Can Saudi Arabia’s Yanbu Port Replace Hormuz? Capacity Limits Test Critical Oil Lifeline
Saudi Arabia Detects Ballistic Missiles as Regional Tensions Escalate in Gulf
Saudi Aramco Reduces Oil Shipments to Asia for Second Consecutive Month
Saudi Aramco Reduces Oil Shipments to Asia for Second Consecutive Month
Saudi Arabia and UAE Push Ahead With Major Deals Despite Iran-Related Uncertainty
Formula One Cancels Bahrain and Saudi Arabia Grands Prix Amid Escalating Regional Tensions
Pakistan Signals Strategic Realignment Toward Saudi Arabia Amid Regional Tensions
Saudi Arabia Cuts Oil Shipments to Asia as Regional Conflict Disrupts Key Export Routes
Saudi Arabia Moves to Contain Regional Escalation as Houthis Signal Readiness to Join Conflict
×