was supposed to have sent its first space tourists into space by Christmas 2018 but that plan didn't pan out.
The SPAC, created by SCH chief executive Chamath Palihapitiya, will invest about $800m (PS642m) for a 49 per cent stake in Virgin Galactic
will also get access to the remaining cash on Social Capital's balance sheet -- just less than $500 million after Palihapitiya injects another $100 million.
The agreement, coming shortly after Virgin Galactic
's historic commercial space flights in December 2018 and February 2019, marks an important step as the company progresses toward commercial operations.
He had said that the UAE can offer the horizontal runway that is required by Virgin Galactic
To design space suits providing Virgin Galactic
passengers "confidence through comfort and practicality without compromising the natural desire of every Virgin Galactic
astronaut both to feel good and look good."
SITAEL, the privately-owned space company in Italy with headquarters in Puglia region, is partnering with ALTEC and Virgin Galactic
in order to define the framework that will lead the spaceflight operations from Grottaglie Spaceport.
As a result of this transaction, the Nave Galactic
will be substituted by the Nave Equinox and the Nave Pyxis MR2 product tankers as collateral under the 8 1/8% Secured Bond due 2021.
These two structures lie on opposite sides of the Milky Way disk; about 14,000 light years above and below the Galactic
The infrared emission agrees in position and size with the radio source Sagittarius A, which is believed to lie at the galactic
'I thought no one would take me, but [Virgin founder] Richard Branson has offered me a seat on Virgin Galactic
,' he said.