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Galactic Resource Utilisation Space (GRU) plans to build the first permanent hotel on the Moon by 2032, requiring a $1 million deposit for reservations. Founded by Skyler Chan, GRU aims to begin construction in 2029, subject to regulatory approval, utilizing lunar soil for building materials.

Initial clientele is expected to include wealthy tourists and prior space travelers. The company has received funding from investors connected to Nvidia, SpaceX, and Y Combinator and sees lunar tourism as crucial for the lunar economy. Future missions will include testing lunar construction technologies and expanding infrastructure for potential Mars missions.