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FOR IMMEDIATE RELEASE

SPACEHAB CELEBRATES PICTURE PERFECT LAUNCH OF SHUTTLE MISSION
STS-107 Debuts Flight of Research Double Module and Numerous Commercial Payloads

Houston, Texas, January 16, 2003 – SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, began a new era in space research with the liftoff of its new Research Double Module (RDM) onboard today’s launch of the Space Shuttle Columbia. SPACEHAB’s RDM is a pressurized aluminum module housed within the Shuttle’s cargo bay, carrying approximately 7,500 pounds of research payloads for NASA, other space agencies, and commercial customers worldwide, including SPACEHAB funded education experiments.

Connected to the Shuttle middeck by a pressurized access tunnel, the RDM serves as the primary working and living space available to the astronauts. For the STS-107 mission, SPACEHAB has managed the integration of more than 100 experiments that will be conducted on this critical 16-day mission. Utilizing 12 percent of the total payload carrying capacity for commercial purposes, SPACEHAB provided access to space to a broad range of entities including the U.S. Air Force, foreign space agencies, pharmaceutical companies, and academic institutions worldwide.

One of the commercial payloads, provided by SPACEHAB’s Space Media subsidiary, is the STARS Program education locker that houses student experiments from six countries including Australia, China, Israel, Japan, Liechtenstein, and the United States. Students gathered in Florida to load and launch their unique experiments into space and are now monitoring the data during the mission at www.starsacademy.com.

Benefiting from an out-of-this-world experience funded by SPACEHAB and corporate sponsors, these students designed unique experiments that will now be viewed by other young explorers around the globe. Analyzing real-time data, the students will compare results of an Earth-bound control locker with that of its orbiting counterpart to observe the impacts of a microgravity environment on their spiders, silkworms, crystals, fish eggs, bees, and ants.

After experiencing firsthand the long-awaited liftoff of the Space Shuttle, clearing the launch tower at 10:39 a.m. EST., the students were invited to a SPACEHAB post-launch celebration. Along with other guests, the students were treated to a surprise musical appearance by Natural, a Lou Pearlman singing sensation band. Pearlman is the creator of previous worldwide success hit groups such as the Backstreet Boys and *NSYNC.

With more than $100 million in annual revenue, SPACEHAB, Incorporated is a leading provider of commercial space services. The Company develops, owns, and operates habitat and laboratory modules and cargo carriers aboard NASA’s Space Shuttles. Its Johnson Engineering subsidiary provides orbiter crew compartment integration, ISS stowage and configuration management, supports astronaut training, and builds space-flight mockup trainers at NASA's Johnson Space Center in Houston. SPACEHAB’s Astrotech subsidiary provides commercial satellite processing services at facilities in California and Florida. Additionally, through The Space Store, Space Media provides space merchandise to the public and space enthusiasts worldwide (www.thespacestore.com).

This release contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Such risks and uncertainties include, but are not limited to, whether the Company will fully realize the economic benefits under its NASA and other customer contracts, the timing and mix of Space Shuttle missions, the successful development and commercialization of new space assets, technological difficulties, product demand, timing of new contracts, launches and business, market acceptance risks, the effect of economic conditions, uncertainty in government funding, the impact of competition, and other risks detailed in the Company’s Securities and Exchange Commission filings.