Aabar to buy 32% stake in Virgin Galactic.Aabar Investments said it will take a 32-per cent stake worth $280 million in Virgin Group's space unit Virgin Galactic Virgin Galactic is a company within Sir Richard Branson's Virgin Group, which plans to offer sub-orbital spaceflights and later orbital spaceflights to the paying public. Mission . In a filing on the Abu Dhabi bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. website, the investment firm said the deal was
still subject to US and other regulatory approvals, but said it had
committed an additional $100 million to fund a satellite launch
capability.
Aaabar, an investment vehicle of the Abu Dhabi government, plans to build a spaceport space·port n. An installation for sheltering, testing, maintaining, and launching spacecraft. in the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. capital. Aa The deal gives it regional rights to host Virgin Galactic tourism and scientific research space flights, it said. Saudi Economic Survey. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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