Boeing Invests $20 Million in Virgin Galactic’s Space Travel Program
- Companies see the collaboration as way to shape space travel
- Deal is contingent on startup’s plan to go public by year-end
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Boeing Co. agreed to invest $20 million for a minority stake in Virgin Galactic, a startup that is preparing to fly its customers into space next year.
The relationship is designed as a collaboration aimed at shaping the future of human space travel, the companies said in a statement Tuesday. Virgin Galactic also is setting longer-term sights on shuttling airline travelers around the world at high speeds -- a mode of transport that will take years to achieve.