Saudi Arabia’s decision to invest $1 billion with an option for $480 million more into the Virgin Group involves not only its three space companies — Virgin Galactic, Virgin Orbit and The Spaceship Company — but also Virgin Hyperloop One. Vision 2030 is Saudi Arabia’s plan to modernize and diversify its economy away from oil. The kingdom plans to connect its cities and those in adjoining countries via a network of hyperloops.
Mojave is a quiet little town that people don’t visit so much as stop at just long enough for gas, food or a bathroom break. It seems like the only folks who stay overnight have business at the spaceport or are long-haul truckers who are not here for the town’s non-existent nightlife.
So, the arrival of Richard Branson’s private jet — the one with the Virgin Galactic eye on the tail — on Saturday afternoon was quite the surprise. Normally he’s here to watch a test flight of SpaceShipTwo, but there was no sign that one would take place over the long Easter weekend.
The following day, the jet was still parked outside Virgin’s FAITH facility, but it was surrounded by a dozen or more SUVs right there on the ramp. Something was going on over there, but it was hard to know what.
On Monday, we got an answer. The crown prince of Saudi Arabia, Mohammed bin Salman, was here to see his nation’s latest investment. Last fall, Saudi Arabia signed a memorandum of understanding (MOU) to invest $1 billion with an option for $480 million more in Branson’s three space companies — Virgin Galactic, Virgin Orbit and The Spaceship Company.
Photographs of the visit (here and here) show that Saudi Arabia’s symbols now adorn Virgin’s vehicles. The kingdom’s official seal can be seen on SpaceShipTwo’s nose and a model of a hyperloop vehicle for Virgin Hyperloop One. The logo of Vision 2030 — Saudi Arabia’s ambitious effort to diversify its economy away from oil — can be seen on the side of the WhiteKnightTwo carrier aircraft.
There was also the following information from a Saudi news report:
And for the first time, Virgin Galactic unveiled new and unique aircraft fuel compartments, in addition to a presentation on spacecraft that will enter commercial services.
The officials reviewed the areas of existing investment partnership, ways of developing them especially in space services, opportunities for deepening cooperation in modern technologies through research, manufacturing, and training Saudi youths, and transforming the Kingdom from a consumer to a producer of technology.
I’m sure we’ll get more information from Virgin soon.
We’re in the midst of what they call a polar vortex, so this week has been particularly cold. Today I believe it reached a high of only 43 F (6 C) and tonight we’re looking at a low of 23 F (-5 C) overnight. The winds were blowing off the mountains at 33 mph (53 kph) and gusting this morning and continued throughout the day.
Up until a couple of weeks ago, the winter had been rather dry and mild, especially compared with the cold, wet one we had last year. But, Old Man Winter has returned with an icy fury.
Despite the weather, Ken Brown and I ventured over to the spaceport to see the Stratolaunch aircraft parked outside its hangar with a fuel truck parked next to it. It’s quite a jaw-dropping sight to see outside in the wild, positively Spruce Goosian in its size and ambition (and, hopefully not, in its flight history). It ain’t nicknamed Birdzilla for nothing.
There are NOTAMS (Notice to Airmen) posted for Saturday and Sunday that indicate the tower will be open (unusual for the weekend) and Runway 12/30 is closed (ditto). So, I’m expecting Stratolaunch will be out on the runway doing some additional taxi tests. I’m guessing it’s too early for a flight by the Paul Allen-funded aircraft.
Driving past Virgin Galactic’s FAITH hangar on the way back from viewing Stratoluanch, I noticed a Spaceship Company logo on the building that I had not seen before.
Word is TSC is going thru a re-branding to separate it from Virgin Galactic. Richard Branson has been talking up supersonic passenger planes that he wants to build.
The Virgin Group has a memorandum of understanding with the government of Saudi Arabia for $1 billion investment in The Spaceship Company, Virgin Galactic and Virgin Orbit.
So, I imagine we’ll soon be seeing some new public relations materials from Virgin in the form of a video, press release, and so on announcing the re-branding.
I realize it’s a bit late, but here’s a look back at the major developments in space in 2017.
I know that I’m probably forgetting something, or several somethings or someones. Fortunately, I have eagle-eyed readers who really seem to enjoy telling me just how much I’ve screwed up. Some of them a little too much….
So, have at it! Do your worst, eagle-eyed readers!
Saudi Arabia’s non-binding agreement to invest $1 billion in Richard Branson’s three space companies is part of a broader set of ventures that includes Branson’s Virgin Group investing in a new mega city on the Red Sea and suborbital space tourism flights from the Saudi capital.
“Branson has become the first international investor to commit to involvement in the Red Sea Project and nearby Al Ola/Madain Saleh, another prime site for the development of tourism, both domestic and international,” the Saudi government proudly announced on Oct. 1, more than three weeks before the space deal was unveiled.
The nonbinding memorandum of understanding involving $1 billion in investment from Saudi Arabia is Richard Branson’s latest success in obtaining financial support from governments for his Virgin Group’s space companies.
The table below shows funding invested directly into the group’s space ventures and indirectly for infrastructure.
VIRGIN GROUP SPACE COMPANIES — DIRECT & INDIRECT GOVERNMENT INVESTMENT
Custom built spaceport named Spaceport America constructed on 18,000 acres of land — Virgin Galactic signed 20 year lease to serve as anchor tenant
Government-owned sovereign wealth fund Aabar Investments obtained 31.6 percent share of Virgin Galactic — plans for a spaceport where SpaceShipTwo would fly in Dubai — future commitment of $100 million more when Virgin Galactic developed viable plan for small-satellite booster (LauncherOne)
Aabar Investments increased share of Virgin Galactic to 37.6 percent
Under non-binding MOU, government-run Public Investment Fund (PIC) would obtain undisclosed share of three Virgin Group space companies: Virgin Galactic, Virgin Orbit and The Spaceship Company — Virgin Group to maintain majority ownership
PIC has an option to invest nearly a half-billion more in Virgin Group space services
RIYADH, Saudi Arabia, October 26, 2017 — 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 million of future additional investment in space services.
The morning of Dec. 3, 2016, began like so many others in Mojave. The first rays of dawn gave way to a brilliant sunrise that revealed a cloudless, clear blue sky over California’s High Desert.
This was hardly newsworthy. For most of the year, Mojave doesn’t really have weather, just temperatures and wind speeds. It had been literally freezing overnight; the mercury was at a nippy 28º F (-2.2º C) at 4 a.m. As for Mojave’s famous winds – an enemy of roofs, trees and big rigs, but the lifeblood of thousands of wind turbines that cover the landscape west of town – there really weren’t any. It was basically a flat calm.
NASA has released a document listing the 1,206 active Space Act Agreements (SAAs) the agency has with commercial companies, non-profit organizations and state and local governments.
From that list, I’ve extracted agreements with individual companies. Below you will find tables listing SAAs that NASA has signed with Virgin Group companies, Moon Express and NanoRacks. There is also a fourth table that has SAAs with a number of companies and organizations that we follow on Parabolic Arc.
SAAs come in three varieties: reimburseable, non-reimburseable and funded. Under reimburseable agreements, a company or organization will pay NASA for its services. No money exchanges hands under non-reimburseable agrements. And under funded agreements, NASA pays the company to perform work or provide services. (The space agency made substantial use of SAA’s in the Commercial Crew Program.)
Video Caption: Yesterday in Denver, The Spaceship Company’s chairman Doug Shane spoke at Boom’s unveil of its XB-1 Supersonic Demonstrator, a subscale prototype of the Boom supersonic passenger airliner. The Spaceship Company is a proud partner of Boom Supersonic and will provide engineering and manufacturing services, along with flight test support and operations. Doug introduced a congratulatory message from Sir Richard Branson.
President Barack Obama has signed into law a measure that will help the nation’s growing legion of spaceports fight the encroachment of obstacles such as transmission lines that could endanger suborbital spacecraft.
The measure, sponsored by House Majority Leader Kevin McCarthy (R-Calif.), was inspired by a problem experienced by the Mojave Air and Space Port, which is in the Congressman’s district. A utility company built extra tall transmission towers near the airport, sparking safety concerns among officials there.
It was raining in the desert. It was coming down in buckets.
A cold, hard rain was slamming against the windows of the house. The first real rain since….I couldn’t even remember. That’s how rare rain is out here. Months and months go by with little or no rainfall.
Video Caption: On September 8, 2016, our new SpaceShipTwo — VSS Unity — took to the skies for the first time. This is first ever flight of a vehicle built by our manufacturing organization, The Spaceship Company.
In this video, Mike Moses–our Senior Vice President of Operations, and a NASA veteran who oversaw dozens of successful flights to space–helps explain this flight and how it fits into the context of our full testing program.