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Boeing taking $20 million stake in Virgin Galactic, with a vision of commercial hypersonic travel | CNBC
Source: Travel and Leisure

Boeing taking $20 million stake in Virgin Galactic, with a vision of commercial hypersonic travel | CNBC

Boeing’s venture arm Horizon X announced that it is going to invest $20M in Virgin Galactic to develop technology that will make hypersonic air travel possible. Virgin Galactic is planning to list on the New York Stock Exchange and become the first public human spaceflight company by the end of the year. Virgin Galactic is looking forward to the partnership and the opportunity to take advantage of Boeing’s mobility and human-spaceflight mobility. The company says it’s on track to begin flying customers as soon as next year using a spacecraft called Unity that holds six passengers. The commercial ventures of Virgin Galactic will help merge Boeing’s technology and applicable use of spacecrafts in the modern world. Boeing hopes to experiment with travel at extreme speeds throughout the partnership.

Source: https://www.cnbc.com/2019/10/08/boeing-20-million-stake-in-virgin-galactic-with-vision-of-hypersonic.html

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