[Satellite Today 07-29-09] Commercial space venture Virgin Galactic raised $280 million in a 32 percent company stake purchase by Aabar Investments in Abu Dhabi, Virgin Galactic announced July 28.
Virgin Galactic has been valued at $900 million as a result of the purchase.
Aabar has also invested $100 million to build a spaceport in Abu Dhabi in order to launch satellites and to guarantee exclusive regional rights to host tourist and scientific space flights for the Arab Emirates country.
Aabar’s largest shareholder behind the deal is International Petroleum Investment Co., owned by the Abu Dhabi government.
Abu Dhabi Firm Invests $280 Million in Space Tourism, Satellite Launch Facility
GomSpace to Establish New Ukrainian Joint Venture for Sovereign Comms
GomSpace, the Danish satellite company, looks to play a key role in developing sovereign satellite capabilities in Ukraine. It has signed a deal with its Ukrainian partner Stetman which will see […]
Trending Now
-
Earth ObservationNRO Makes New Commercial Awards to EarthDaily, Iceye, and Pixxel
-
Government/MilitaryFCC Updates EPFD Framework that Covers GEO/NGSO Spectrum Sharing
-
Government/MilitarySpace Force Awards $3.2 Billion to 12 Companies for Space-Based Interceptor Work
