India, Jan. 20 -- A US-based space company is offering travel enthusiasts a chance to book a stay at what it claims will be the world's first hotel on the Moon.

GRU Space has begun accepting applications for future guests at its proposed lunar hotel, inviting wealthy space tourists to express interest by placing a deposit of $1 million.

The company aims to open the hotel as early as 2032, technology news site Gizmodo reported.

The development underscores the growing commercialisation of the Moon, as private space startups increasingly compete to establish a foothold on lunar soil. GRU Space plans to begin testing its technology on the Moon by 2029, including the deployment of inflatable structures and experiments to convert lunar regol...