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Sovereign Wealth Funds Briefing - Categorized | Investment

SWF invests in Virgin Galactic

Posted on 29 July 2009

From Thedeal.com: Abu Dhabi sovereign wealth fund Aabar Investments agreed on Tuesday to pay $280 million for a 32% stake in Virgin’s commercial space travel venture.

The deal makes Aabar the first outside investor in the venture that aims to open space travel to the public. Branson formed the unit in 2004 after aerospace pioneer Burt Rutan’s Scaled Composite’s won the Ansari X Prize by successfully sending SpaceShipOne and pilot Mike Melvill into space………Full Article: Source


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