Saudi Arabia is investing $1 billion in Virgin Galactic and its spinoff companies
Saudi Arabia plans to invest $1 billion in Richard Branson’s private space venture Virgin Galactic, as well as its spinoff companies The Spaceship Company and Virgin Orbit. The country has the option of investing an additional $480 million in the future, too. The money will go toward Virgin’s space tourism program and help accelerate the development of the company’s new launch vehicle to send small satellites into orbit.
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