Boeing’s HorizonX Ventures To Invest In Virgin’s Space Travel Program

By John Heerdink LinkedIn

Reportedly, Boeing (NYSE: BA) has agreed to invest $20 million for a minority stake in a start-up that is gearing up to fly its customers into space next year, Virgin Galactic founded by U.K. billionaire Richard Branson. Virgin Galactic is also preparing to reduce global airline travel time to two hours or less enabling high-speed travel for air travelers. The collaboration aims to shape the future of human space travel at hypersonic speeds above the Earth’s atmosphere, as per reports.

Boeing’s investment is “a catalyst for broader collaboration and deeper collaboration,” stated Virgin Galactic Chief Executive Officer George Whitesides.

Boeing is reported to make the investment in the start-up via its arm HorizonX Ventures. However, Boeing’s investment is dependent on Virgin Galactic going public by year-end as part of its merger with Social Capital Hedosophia Holdings Corp, with  Social Capital securing a 49% stake in the merged company.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!

oct1(6)

Post View Count : 993
(Read Original Story: Boeing Invests $20 Million in Virgin Galactic’s Space Travel Program in Bloomberg)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us