Boeing invests $20 million in Virgin Galactic

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. Brian Schettler, senior managing director of Boeing HorizonX Ventures, said: “Boeing’s strategic investment facilitates our effort to drive the commercialisation of space and broaden consumer access to safe, efficient, and environmentally responsible new forms of transportation. “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