Boeing to buy $20 million minority stake in Virgin Galactic
HorizonX, a venture capital division of Boeing, today announced that it will purchase a $20 million minority stake in Virgini Galactic once the company goes public later this year.
Boeing’s venture arm HorizonX announced on Tuesday it will invest $20 million in Sir Richard Branson’s space tourism company Virgin Galactic to help develop the technologies needed to make hypersonic air travel possible one day.
All I can say is I do not understand how Richard Branson can fool so many people for so long for so much, while delivering practically nothing.
Hat tip Robert Pratt of Pratt on Texas.
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HorizonX, a venture capital division of Boeing, today announced that it will purchase a $20 million minority stake in Virgini Galactic once the company goes public later this year.
Boeing’s venture arm HorizonX announced on Tuesday it will invest $20 million in Sir Richard Branson’s space tourism company Virgin Galactic to help develop the technologies needed to make hypersonic air travel possible one day.
All I can say is I do not understand how Richard Branson can fool so many people for so long for so much, while delivering practically nothing.
Hat tip Robert Pratt of Pratt on Texas.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
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Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
I gather Boeing is run by (and for) financiers these days rather than engineers.
Despite my (lack of positive) feelings about Richard Branson, I have to stand in awe of his ability to self promote and sling BS.
mike shupp wrote: “I gather Boeing is run by (and for) financiers these days rather than engineers.”
From the article: “Boeing’s venture arm HorizonX announced …”
I think it is more likely that financial types rather than engineers would create a venture arm of an engineering company.