Boeing Invests In Human Spaceflight Pioneer Virgin Galactic | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited--02.24.20

Airborne UnManned--
02.25.20

Airborne Unlimited--02.26.20

AMA Drone Report--02.20.20

Airborne Unlimited--02.21.20

Airborne-YouTube

Airborne Unlimited--02.24.20

Airborne UnManned--
02.25.20

Airborne Unlimited--02.26.20

AMA Drone Report--02.20.20

Airborne Unlimited--02.21.20

Wed, Oct 09, 2019

Boeing Invests In Human Spaceflight Pioneer Virgin Galactic

Enter Strategic Partnership To Transform Commercial Space Travel And Mobility

Boeing is investing $20 million in Virgin Galactic, a vertically integrated human spaceflight company. The companies will work together to broaden commercial space access and transform global travel technologies.

"Boeing's strategic investment facilitates our effort to drive the commercialization of space and broaden consumer access to safe, efficient, and environmentally responsible new forms of transportation," said Brian Schettler, senior managing director of Boeing HorizonX Ventures. "Our work with Virgin Galactic, and others, will help unlock the future of space travel and high-speed mobility."

To date, Virgin Galactic has invested $1 billion of capital to build reusable human spaceflight systems designed to enable significantly more people to experience and utilize space. In July, the company announced its intent to become a publicly-listed entity via a business combination with Social Capital Hedosophia Holdings Corp. The Boeing investment will be in return for new shares in Virgin Galactic and is therefore contingent on the closing of that transaction, which is expected to close in the fourth quarter of 2019, and any such investment will be in the post-business combination company.

This investment brings together two companies with extensive experience in the space industry. 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, having built and flown a Mach 3 passenger vehicle. Through its manufacturing and development capabilities, Virgin Galactic can design, build, test, and operate a fleet of advanced aerospace vehicles. Boeing has unsurpassed experience transporting people to orbit and building and operating large structures in that challenging environment. A part of every U.S. manned space program, Boeing serves as NASA's prime contractor for the International Space Station (ISS) and is preparing the new, reusable, Starliner space capsule for launch to the ISS.

"This is the beginning of an important collaboration for the future of air and space travel, which are the natural next steps for our human spaceflight program," said Sir Richard Branson, founder of Virgin Galactic. "Virgin Galactic and Boeing share a vision of opening access to the world and space, to more people, in safe and environmentally responsible ways."

"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," said Boeing Defense, Space & Security president and CEO Leanne Caret.

"We are excited to partner with Boeing to develop something that can truly change how people move around the planet and connect with one another," said George Whitesides, CEO of Virgin Galactic. "As a Virgin company, our focus will be on a safe and unparalleled customer experience, with environmental responsibility to the fore."

(Source: Boeing news release. Images provided and from file)

FMI: www.boeing.com

Advertisement

More News

Airborne-Unmanned 02.18.20: UAS Symposium, Unmanned Growlers, Bell Transport 70

Also: UAVOS Upgrades, UAV’s Flight Control Solutions, NASA-Collins Aerospace, Black Swift Technologies The FAA and AUVSI will co-host the 5th Annual FAA UAS Symposium on June>[...]

Counting Down! ANN's Infamous April 1st Edition Is Back--With A Vengeance!

Send Us Your Wacky Ideas NOW! ANN E-I-C Note: Folks... we gotta warn you... our Annual April 1st Editions are LEGENDARY -- and like EVERY YEAR, we intend that this WILL be our best>[...]

AMA Drone Report 02.20.20: Aerobatic Drone, Michigan Ruling, AMA v SecTrans

Also: 19000 NPRM Comments, ABA on Drones, RID Flyer, DJI Releases RID Video A drone capable of carrying a person and performing aerobatics has been built and flown by Drone Champio>[...]

Airborne-Unmanned 02.25.20: Solar UAV, uAvionix tailBeaconX, Parrot Micro-Drones

Also: Air-Taxi Feasibility Study, Blind Man Found By Drone, UAS Privacy-Environmental Concerns, Kigali Forum PHASA-35, a 115-foot wingspan solar-electric aircraft, has successfully>[...]

Airborne-Unmanned 02.25.20: Solar UAV, uAvionix tailBeaconX, Parrot Micro-Drones

Also: Air-Taxi Feasibility Study, Blind Man Found By Drone, UAS Privacy-Environmental Concerns, Kigali Forum PHASA-35, a 115-foot wingspan solar-electric aircraft, has successfully>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2020 Web Development & Design by Pauli Systems, LC