Aabari Investments, based in Abu Dhabi, has made a $280 million investment in Virgin Galactic, taking a 32 percent stake in the company. By those numbers, Virgin Galactic is valued at something around $850 million.
VG has planned to launch small satellites from its WhiteKnightTwo platform when it wasn't launching tourists on suborbital flights. Aabari's investment is targeted at developing that small satellite business.
The deal also gives Aabari regional rights to VG services. Aabari plans to develop a science center and spaceport in Abu Dhabi.
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