After their runaway success with the
Star Trek line of toys, it shouldn't come as a shock that AHI snapped up the rights to this then new science fiction epic created by Gerry Anderson. Sci Fi mania was sweeping America thanks to the reruns of Star Trek playing in syndication across America and "Space:1999 promised to be even a bigger hit. It had a huge budget, incredible special effects and name stars Martin Landau and Barbara Bain. While the series didn't replace Star Trek, we did get some cool toys out of the deal.
Which is weird considering that Peter Parker is just a working class schlub who often complains about money issues, let alone has the skills to pilot the many hotrods, copters and rockets AHI encumbered him with.