Managing Your Cash Flow

Published

Blast off for Richard Branson’s Virgin Galactic

1 Mins

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.

Related articles:Richard Branson: a modern day Willy Wonka?Jenson Button spills the beans on Branson indiscretionRichard Branson: Virgin Holdings in the redRichard Branson does it again

Share this story

Spotify takes on iTunes
Sarah Beeny launches new business
Send this to a friend