Ambitiously, the space nation is looking to the likes of Tesla CEO Elon Musk and Amazon CEO Jeff Bezos to get them there.
The project, founded by billionaire Russian scientist and politician Igor Ashurbeyli, is currently chaired by former British politician Lembit Opik.
Although Asgardia is currently registered as a non-profit organization in Vienna, Austria, Opik sees opportunities ahead for trade.
Its incumbent Prime Minister is Ana Diaz, a lawyer from Venezuela, and its chief justice is Zhao Yun, a fellow lawyer from Hong Kong.
Opik added that he doesn't plan to permanently reside in Asgardia himself, should it come into being, though he would visit.
Under the rules of the United Nations, Asgardia could technically qualify for recognition as a state, as more than 100,000 people look set to apply for citizenship.
Business Insider previously contacted the United Nations Office for Outer Space Affairs to clarify whether current space law would permit the existence of a nation or territory in space.
Original article