Virgin Galactic announces major milestone in manufacture of next spaceship

Boeing pours extra capital into what could be the first business spaceflight firm to be publicly listed. 

Virgin Galactic

Aerospace large Boeing has invested $20 million in house tourism firm Virgin Galactic as the 2 companions look to advance business human spaceflight. The transfer was introduced in a Monday press launch and follows information from July that Virgin Galactic can be publicly listed on the New York Inventory Change and start business check launches by 12 months’s finish.

Boeing’s funding, accomplished by means of enterprise arm HorizonX, provides to Virgin Galactic‘s already spectacular warfare chest of practically $1 billion. 

“The distinctive experience of our corporations stretches from factors all around the globe to the deepest reaches of house. Collectively we are going to change how individuals journey on Earth, and among the many stars, for generations to return,” Leanne Caret, Boeing’s CEO of Protection, House & Safety, mentioned within the launch. 

Virgin Galactic is predicted to be the primary publicly traded spaceflight firm. Competing business spaceflight corporations — Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin — are each privately held. 

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