The company aims to begin construction in low orbit by 2025 and the company is aiming to welcome its first guests at the hotel - which has been named Voyager Station - in 2027.
The unique luxurious cosmic lodging will have 24 accommodation modules and its occupancy is expected to reach up to 440.
The station will offer its guests a variety of amenities, such as restaurants, spas, a cinema, gyms, lounges and bars.
Although the hotel is not expected to be completed for six years and a stay there will no doubt cost an exorbitant amount, Sputnik welcomes you to take a virtual - and free - tour around this literally stellar hotel in our latest photo gallery.
Hotel suites promise the height of luxury and are ideal for those who enjoy looking down on their fellow humans.
The Voyager Station with approaching SpaceX starship.
The station will be equipped with emergency escape vehicles - in the unlikely event of something going wrong.
You'll already be high - literally - when you get to Voyager's bar. But what with the heady mix of some of the best views in the station and the potent cocktails on offer, your feet won't touch the ground.
The luxury villas will offer style, comfort, and an experience which has to be lived to be believed.
After a short space stroll to work up an appetite, an astronaut tourist emerges from air lock.
Voyager's gym will offer the unprecedented experience of being able to lift weights usually only achievable by Superman, in zero-gravity conditions.
The restaurant will boast gourmet food to complement the exceptional views.
Close up view of the 20m long, three-storey tall accommodation modules.
The stylish dining room in a luxury villa.
