Boeing to buy $20 million minority stake in Virgin Galactic


Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit.

 
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"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs." --San Antonio Express-News

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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3 comments

  • mike shupp

    I gather Boeing is run by (and for) financiers these days rather than engineers.

  • Col Beausabre

    Despite my (lack of positive) feelings about Richard Branson, I have to stand in awe of his ability to self promote and sling BS.

  • Edward

    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.

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