Aabar, an investment fund that is ultimately controlled by Sheikh Mansour, spent £170m on Sir Richard Branson’s space venture.
The deal values Richard Branson’s Virgin Galactic at £550m – pretty impressive when its rockets haven’t actually left terra firma yet.
Sir Richard Branson launched Virgin Galactic five years ago in an attempt to make space more accessible. The company hopes that its first flight will blast off from a spaceport in New Mexico in two or three years’ time.
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