Shenzhen-based Chinese tech company KuangChi Science Limited has received comparison to SpaceX due to the company's ambitious projects. Among KuangChi Science's most-talked about products are exoskeleton power suits and spacecraft.

KuangChi Science Limited is also working on a space tourism project that aims to send customers on a trip thousands of feet about the Earth in a balloon aircraft. The company claims that the balloon, known as Traveler Beta II, can send space tourists as high as 79,000 feet or 24 kilometers about the Earth.

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The company claims that it with the current stage of its research and development, it should be able to launch the craft in the next two years.The company also said that test flights involving animals could be launched before the end of the year or early in 2017.

In a statement, KuangChi Science revealed that the aircraft is already in its final stage of assembly. The company expects to complete cabin assembly before the end of the year with testing after.

Previous tests of the Traveler Beta II involved a successful unmanned flight 21 kilometers about the surface. The test was made in New Zealand. This altitude is known to experts as 'near space,' which is a region 20 kilometers to 100 kilometers above the Earth's surface.

According to Tech Node, fueling KuangChi Science's ambitious visions is its parent company Kuang-Chi. Recently, the company unveiled a space travel theme park in the Chinese city of Hangzhou. The theme park cost $1.5 billion to build and features simulations of the company's upcoming space tourist aircraft.

TagsKuangChi Science Limited, KuangChi Science Limited news, KuangChi Science Limited projects, KuangChi Science Limited space, space tourism, Traveler Beta II