Boeing drops $20M into Virgin Galactic to speed business spaceflight

Virgin Galactic announces major milestone in manufacture of next spaceship

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Boeing puts more capital into what might be the very first business spaceflight business to be openly noted. 

Virgin Galactic

Aerospace giant Boeing has actually invested $20 million in area tourist business Virgin Galactic as the 2 partners want to advance business human spaceflight. The relocation was revealed in a Monday news release and follows news from July that Virgin Galactic will be openly noted on the New York Stock Exchange and start business test launches by year’s end.

Boeing’s financial investment, finished through endeavor arm HorizonX, contributes to Virgin Galactic‘s currently outstanding war chest of almost $1 billion. 

“The unique expertise of our companies stretches from points all around the world to the deepest reaches of space. Together we will change how people travel on Earth, and among the stars, for generations to come,” Leanne Caret, Boeing’s CEO of Defense, Space & Security, stated in the release. 

Virgin Galactic is anticipated to be the very first openly traded spaceflight business. Competing business spaceflight business — Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin — are both independently held. 

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