Saudi Arabia and Virgin Announce Partnership on Spaceflight, Satellite Launch, and Space-Centric Entertainment Industry

Virgin Galactic’s SpaceShip Two. Photograph courtesy of Virgin Galactic. The Public Investment Fund (PIF) of Saudi Arabia and Virgin Group (Virgin), have signed a non-binding Memorandum of Understanding (MoU) for a partnership under which PIF intends to invest approximately $1 billion into Virgin Galactic, The Spaceship Company and Virgin Orbit, with an option for $480...