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Space Tourism Unlimited was established in 1993 on the remains of the Soviet company Aeuroneutics, which was being closed down due to sharp cuts in the space program after the Soviet Union's fall.

Aeuroneutics and the US company Airneutics, a NASA navigation technology provider, joined forces and established a joint venture company owned by Airneutics and a Russian investor group. Aeuroneutics had for many years developed living and operating units for Soviet spacecraft, including the oxygen machine, such as recycling steam, urine and waste water, producing both air and water in a closed system in the spacecraft. They built the dwelling and operating system of the Soviet shuttle-ferry Buran, which only ran an unmanned space shuttle in 1998 before the entire Soviet shuttle program was dropped due to cuts in the wake of the Soviet Union's fall. At this time, Aeuroneutics was developing the living and operating elements of a future Soviet base on the moon, a knowledge that was abruptly redundant when all plans for a base on the moon were shelved in 1993. The Russian space program was changed at this time and Instead of competition, Russians now began collaborating with NASA and the other spacecraft nations about the International Space Station ISS. The official purpose of Space Tourism was space tourism, and with the economic problems that Russian space organization had because of tough times in Russia in the 90s, sales of tickets were aboard Russian Soyuz missiles to MIR and eventually ISS, a welcome income for the Russian space program.

In 1994, Space Tourism was sold to Global Mining Inc, an international concert of mines on all six continents in coal, diamond, oil and minerals. In 1996 Global Mining Inc. sold Space Tourism to the investment companies Acta Vision Investment, Ace Venture Holding and Hakuna Matata Investments. The Soviet Moon Program was in fact far beyond what is publicly known. The Soviet had already landed in the 70's unmanned spacecraft on the moon who had taken home. The goal was permanent Soviet bases. Initially, the plan was to deploy nuclear missiles on the moon, as well as extensive mining activities to exploit mineral resources on the moon. International agreements on activity in the room say that no nation can claim sovereignty over planets, moons or other objects in the outer space, and to prevent conflict of rights to the resources on the moon and attention about the installations there, the moon program was kept secret. As long-distance launches were developed and satellite surveillance also made it impossible to build rocket bases on the moon without notice, the plans for nuclear weapons were abandoned. Instead, the project was concentrated on resource utilization, which was highly required at a time of major economic and political challenges for a Soviet in change. It was decided that the base would be created on the dark side of the moon, so that the exploration could take place in secret, without the Americans or others sending satellites into space could follow. The goal of the Buran program was to develop a space shuttle that could transport people and load to the moon, but this program never came far enough because of the crisis that occurred in Russia after the fall of the Soviet Union.

The whole space program was at risk during the fall of the Soviet Union. Big cuts led to major consequences for the space program. When Boris Yeltsin became president of the Russian Federation that arose on the remains of the Soviet Union, he was so preoccupied and unthinkable that the leadership of the Russian space program chose to keep back information about the activities that were now in full swing. At this time, a manned base was established on the moon, with three cosmonauts looking for helium-3 and other minerals and resources. But this was resource-intensive and it was impossible for the long term to conceal such huge costs in the Russian budget. The head of the Russian space program, Sergei Kopolev, transferred the entire project to the company Aeuroneutics, which he himself had control of. Aeuroneutics had been a key player in the Soviet space program, and was a key player in the development of housing and operating units on both the spacecraft and the base built on the moon. Sergei Kopolev (born 23.01.1939) is the founder and CEO of Space Tourism Unlimited as well as other associated companies. Is a close friend of the russian president, and often stay at his summer house by the Black sea during holidays.

Regarded as one of the richest men of Russia, Fortune magazine listed him as number 7 on their list in 2018.