Virgin Galactic has $20 million more to pursue its goal of space tourism with a new investment from Boeing announced this morning. The two companies are both deeply involved in human spaceflight, but in different ways — and Boeing seems to feel that it’s better to join Virgin than try to beat them at this particular game.
VG is well on its way to its goal of being the first company to offer “routine, consistent and affordable” space tourism, though obviously the last item is relative. Its spacecraft have already been to space with people inside, essentially taking the same trip as what is planned for paying passengers — who, by the way, will embark from the recently unveiled Spaceport America in New Mexico.
The money came through through Boeing’s HorizonX Ventures, which has previously invested in some rather smaller scale aerospace startups, like Accion Systems and Matternet. The team there seems to prefer to give little cash injections here and there rather than back a major player with a sizable series A or the like.
Little context is offered for the investment; Quotes provided …read more