spacetoday.net: space news from around the webin association with SpaceNews


Virgin announces billion-dollar Saudi investment in space companies
Posted: Sun, Oct 29, 2017, 11:43 AM ET (1543 GMT)
SpaceShipTwo first powered flight (Virgin Galactic/MarsScientific.com) Saudi Arabia's sovereign wealth fund has agreed to invest $1 billion into the Virgin Group's space companies. The agreement, announced Thursday and at this point still a non-binding memorandum of understanding, would have the Public Investment Fund of Saudi Arabia invest $1 billion in Virgin Galactic, Virgin Orbit and The Spaceship Company in exchange for a "significant" but minority stake. The funding would accelerate current suborbital and orbital vehicle programs and support Virgin's long-term plans for point-to-point high-speed travel. It also includes "the possibility to develop a space-centric entertainment industry" in Saudi Arabia.
<<previous article   next article>>
news in brief
FCC chairman endorses SpaceX satellite constellation
Posted: Sat, Feb 17 6:29 PM ET (2329 GMT)

Soyuz launches Progress after delay
Posted: Sat, Feb 17 6:27 PM ET (2327 GMT)

NASA budget proposal seeks to cancel WFIRST
Posted: Sat, Feb 17 6:20 PM ET (2320 GMT)

news links
Saturday, February 24
AAS Names Debra Fischer as Kavli Foundation Plenary Lecturer
American Astronomical Society — 9:42 am ET (1442 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list