Boeing Co said on Tuesday it would invest $20 million in Richard Branson's ...
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo
Branson founded space ventures like Virgin Galactic and Virgin Orbit to cash in on rising demand for space travel and launch services for a boom in the number of smaller satellites.Boeing would receive new shares of Virgin Galactic in return for the investment made by its venture capital arm Boeing HorizonX Ventures.
Virgin Galactic has so far invested $1 billion to develop spaceflights that will fly people into space and can be reused.
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