SPACEHAB, Incorporated
, a leading provider of commercial space services, today
announced that its third quarter 2003 financial results, ending March 31,
2003, will be released on Thursday, May 8, 2003 before market open.

SPACEHAB will host a conference call at 11:00 a.m. Eastern time following
the earnings release. During the call, management will discuss the Company’s
third quarter financial results as well as other recent and potential future
developments relating to SPACEHAB. To participate on the call, please
register with Haris Tajyar at 818-981-5300. To participate via the Internet,
please visit the Investor Relations section of the SPACEHAB website at
www.spacehab.com. A taped replay will be available immediately following the
conference call and accessible via access code 16701662 until 11:59 p.m.
Eastern time on May 9, 2003 at 800.252.6030 (domestic calls) or 402.220.2491
(international calls). An audio archived webcast of the conference call will
be available on the Company website for 90 days.

About SPACEHAB

With more than $100 million in annual revenue, SPACEHAB, Incorporated
(www.spacehab.com) 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 for space station resupply and research
purposes. Its Government Services business unit provides Space Station and
Space Shuttle support services including orbiter crew compartment integration,
stowage, and configuration management to 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 impact of the recent Columbia
tragedy on the Company’s existing and future business operations, the amount
of any indemnification payments the Company may receive for its RDM, which was
lost as part of the Columbia tragedy, 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, the impact of war, uncertainty in
government funding, the impact of competition, and other risks detailed in the
Company’s Securities and Exchange Commission filings. The Company assumes no
obligation to update these forward-looking statements. 

    FOR MORE INFORMATION:
     Haris Tajyar                       Julia A. Pulzone
     Managing Partner                   Chief Financial Officer
     Investor Relations International   SPACEHAB, Inc. -- Washington Office
     Phone 818.981.5300                 Phone 202.488.3500
     Fax 818.981.5303                   Toll free 888.647.9543
     htajyar@irintl.com                 pulzone@hqspacehab.com