The title says it all. From the otherworldly opener ''Can't Help Falling in Love,'' to the narcotized 16-minute closing track, ''Cop Shoot Cop,'' Ladies and Gentlemen, We're Floating in Space is beautifully weightless and way out. The zero-gravity guitar drone of Spiritualized can get monotonous, but Memphis-soul horns, blues harmonica, and gospel singing keep the songs from drifting away altogether. B+


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