Virgin Galactic gets $280 Million injection from Mid East

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An Abu Dhabi investment firm has just bought a third of Virgin Galactic for $280 million, thus valuing the venture at $840 million. Which isn't bad, considering there are no profits.




The Abu Dhabi firm will build their own spaceport in the UAE, so this is really more of an expansion than a simple investment. I hope all of this rapidly gets regulatory approval, because I am a big fan of anything which speeds up private space flight.

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