Kuang-Chi Science Limited, a Shenzhen-based tech company, has drawn comparisons in Chinese media to Elon Musk’s SpaceX for its ambitious projects, ranging from exoskeleton power suits to spacecraft.

While the company, founded in 2010, has yet to hold a flame to the achievements of SpaceX, they are attacking innovation with the hold-your-breath-optimisim that has become typical of China’s new tech companies.

Their latest bet? A near space tourism project that will involve sending paid customers almost 79,000 ft. (24km) above the earth’s service in a balloon aircraft dubbed the ‘Traveler Beta II.’

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com