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FINANCIAL NEWS
Abu Dhabi-backed Virgin Galactic to acquire second craft
26 Sep 2015
(MENAFN) Virgin Galactic is in talks to buy a second aircraft for its fledgling space tourism venture, according to a report by the Flightglobal website.
Richard Branson’s Virgin Galactic, which is backed by Abu Dhabi, plans to take paying members of the public into space in its SpaceShipTwo (SS2) carrier craft.
Over the past 12 months the company has been building and testing a new copy of the SS2 design after the first one crashed during a test flight in California last year, killing one crew member and injuring the other.
The new ‘LauncherOne’ rocket is reportedly capable of lifting up to 200kg to the 600-800km Earth orbits standard for scientific missions, or up to 400kg to lower Earth orbits.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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