Abu Dhabi fund to invest in Virgin Galactic
Posted: Tue, Jul 28, 2009, 8:09 AM ET (1209 GMT)
An investment fund based in Abu Dhabi has agreed to by a 32% stake in Virgin Galactic for $280 million, the companies announced Tuesday morning. In addition to the investment, Aabar Investments will also provide $100 million to develop a small satellite launcher capability, using the WhiteKnightTwo carrier aircraft already developed as part of Virgin's suborbital space tourism system. Aabar also plans to develop unspecified "spaceport facilities" in Abu Dhabi, part of the United Arab Emirates, for Virgin Galactic. The announcement came one day after WhiteKnightTwo flew cross-country from Mojave, California to Oshkosh, Wisconsin, as one of the centerpieces of the EAA AirVenture air show.
An investment fund based in Abu Dhabi has agreed to by a 32% stake in Virgin Galactic for $280 million, the companies announced Tuesday morning. In addition to the investment, Aabar Investments will also provide $100 million to develop a small satellite launcher capability, using the WhiteKnightTwo carrier aircraft already developed as part of Virgin's suborbital space tourism system. Aabar also plans to develop unspecified "spaceport facilities" in Abu Dhabi, part of the United Arab Emirates, for Virgin Galactic. The announcement came one day after WhiteKnightTwo flew cross-country from Mojave, California to Oshkosh, Wisconsin, as one of the centerpieces of the EAA AirVenture air show.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Blue Origin describes plans for increased New Glenn launch rates
Posted: Sat, Oct 17 11:41 AM ET (1541 GMT) |
|
news links
|
|
Monday, October 19
On the way to a European lunar infrastructure: ESA awards OHB OASIS studies
OHB AG — 6:53 am ET (1053 GMT) Hera Mission Prepares for Follow-Up Asteroid Imaging
IEEE Spectrum — 6:53 am ET (1053 GMT) US threatens European companies over Starlink restrictions
Financial Times — 6:50 am ET (1050 GMT) Ukraine and the U.S. are at odds over Starshield. Here's what to know
NPR — 6:49 am ET (1049 GMT) Musk pledges 1 SpaceX share for every child in America
Axios — 6:44 am ET (1044 GMT) |
