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The actress, who played Pamela Barnes Ewing on the long-running drama, told People that she had always dreamed of the opportunity to travel into space.
"Going into space fulfills many desires I have of seeing the planet, going fast, going someplace very few people have been - and hopefully coming back down!" she said.
The VSS Enterprise will reportedly take two pilots and six passengers to the edge of space, allowing those on board to experience weightlessness. The first flights are scheduled to begin in 2011.
Principal, 59, was the third person to buy a $200,000 ticket for the trip and the first woman.
"I'm a passenger in something that is pioneering," she added. "This will become to our great-grandchildren what Wilbur and Orville Wright were to you and me."
More: Victoria Principal, Showbiz
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