Space Industry and Business News  
ROCKET SCIENCE
Boeing's HorizonX $20M investment in Virgin Galactic values VG at $1.5B
by Clyde Hughes
Washington DC (UPI) Oct 09, 2019

value add at its best ...

An exploratory division of U.S. aviation giant Boeing will make a $20 million investment for a stake in space tourism company Virgin Galactic, officials said Tuesday.

Boeing's venture arm HorizonX will make the investment, which gives the Chicago-based company a minority stake in Virgin Galactic and will boost the latter's valuation to $1.5 billion.

"This investment brings together two companies with extensive experience in the space industry," Boeing said in a statement. "Virgin Galactic is a pioneer of commercial human space flight and is the first and only company to have put humans into space in a vehicle built for commercial service.

"A part of every U.S. manned space program, Boeing serves as NASA's prime contractor for the International Space Station and is preparing the new, reusable, Starliner space capsule for launch to the ISS."

Officials said the partnership has long been in the planning stages.

"Our teams have been talking for quite some time now," Virgin Galactic CEO George Whitesides told CNBC. "The broader capabilities of Boeing are unmatched in mobility and experience in human spaceflight, so we're over the moon about this partnership."

Virgin Galactic said it has more than 600 customers ready to fly into space and interest from another 3,000.

Virgin Galactic said this summer it was on schedule to start flying into space next year, and has already conducted test flights to the edge of space. A test in 2014 killed one of the pilots.

Source: United Press International


Related Links
Virgin Galactic
Rocket Science News at Space-Travel.Com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


ROCKET SCIENCE
Space Launch System mock up arrives at Kennedy for testing
Kennedy Space Center FL (SPX) Oct 03, 2019
NASA's Pegasus Barge arrived at the Launch Complex 39 turn basin wharf at Kennedy Space Center in Florida to make its first delivery to Kennedy in support of the agency's Artemis missions. The upgraded 310-foot-long barge arrived Sept. 27, 2019, ferrying the 212-foot-long Space Launch System rocket core stage pathfinder. Weighing in at 228,000 pounds, the pathfinder is a full-scale mock-up of the rocket's core stage and will be used to validate ground support equipment and demonstrate it can be in ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ROCKET SCIENCE
When debris overwhelms space exploitation

A filament fit for space - silk is proven to thrive in outer space temperatures

AFRL reimagines tech development with virtual reality

Electronic solid could reduce carbon emissions in fridges and air conditioners

ROCKET SCIENCE
DARPA announces final teams for Spectrum Collaboration Challenge Championship event

Eight companies share Navy's $968.1M C4ISR contract

US Air Force selects Hughes to strengthen SATCOM resilience

New FlexGround Service Delivers High-Speed Broadband to Forces in Remote Areas

ROCKET SCIENCE
ROCKET SCIENCE
Satelles, Inc. Secures $26 Million in Series C Funding Round Led by C5 Capital

Highly accurate GPS is possible thanks to NASA

Northrop Grumman awarded $1.39B for new Air Force navigation system

China launches two new BeiDou satellites

ROCKET SCIENCE
NASA, US industry aim to electrify commercial aviation

General Atomics awarded $12.5M for EMALS work on Navy's aircraft carriers

United Technologies nets $325.2M contract for F-35 depot maintenance

US Air Force rolls out new uniforms

ROCKET SCIENCE
Researchers develop tiny infrared spectrometer

The future of 'extremely' energy-efficient circuits

Spin devices get a paint job

Scientists seeking quantum breakthroughs subject crystalline materials to sound waves

ROCKET SCIENCE
Successful ocean-monitoring satellite mission ends

New method delivers first global picture of mutual predictability of atmosphere and ocean

'Going to the Top of the World to Touch the Sky' to feature in NASA lecture

Ball Aerospace delivers earth science instrument for Landsat 9

ROCKET SCIENCE
Unilever to halve use of new plastic

Divers fight Senegal's plastic tide

Minister says oil on Brazil beaches 'probably' Venezuelan

Pollution app back in Vietnam after online abuse 'campaign'









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.