Jeff Bezos’ space tourism company, Blue Origin, has announced plans to launch a space station in Earth’s orbit.

The station will be named “Orbital Reef,” and is projected to be built and operational by the end of the decade.

The company says the station will serve as a “mixed-use business park” in space and will host up to 10 people.

Promotional material released by the company revealed the 32-thousand square foot station will provide customers with an ideal location for “filmmaking in microgravity”, or “conducting cutting-edge research”.

It’s also speculated that the space station will include a “space hotel”.

The company will partner with Sierra Space and Boeing to build the outpost.

The announcement comes amid NASA efforts to find a proposal that would replace the International Space Station (ISS), which is now more than 20 years old and in desperate need of repair.

This will include $400m in private contracts to space companies to help the agency replace the ageing outpost.

There is likely to be stiff competition for the funding, and Blue Origin is the latest firm to unveil their space station concept, joining space firms Nanoracks, Voyager Space and Lockheed Martin, who have teamed up to launch a station into low orbit by 2027.