Tag Archives: Abu Dhabi

Big scandal for Virgin Galactic’s investment partner

Virgin Galactic’s biggest investor has been caught up in a big scandal involving two of its top managers, including the arrest of one.

As noted at the link, there is no evidence that anyone at Virgin Galactic was involved in what appears to be an illegal transfer of $3.5 billion from the investment company. However, the collapse of this company, which invested $390 million for a 37% share in Virgin Galactic, could impact the space company’s future efforts.

“Our spaceships to fly from here to Abu Dhabi to New Mexico in no more than an hour.”

“Our spaceships to fly from here to Abu Dhabi to New Mexico in no more than an hour.”

The suggestion from this story is that not only will Virgin Galactic fly suborbital tourism flights out of Abu Dhabi, but the deal includes an effort to turn SpaceShipTwo into a transportation vehicle as well. Most interesting.