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“Aabar Investments”
Aabar Watch: Scandal Envelops Virgin Galactic’s Abu Dhabi Partner
Sir Richard Branson with Virgin Galactic pilots, staffers and investors. To his right is Mohamed Badawy Al-Husseiny, CEO of Aabar, which made a $280 million in Virgin Galactic.

Sir Richard Branson with Virgin Galactic pilots, staffers and investors. To his right is Mohamed Badawy Al-Husseiny, CEO of Aabar, during the Oshkosh airshow in 2009. (Credit: Douglas Messier)

It’s been quite a while since we’ve checked in with our friends over at Aabar Investments, the Abu Dhabi-owned sovereign wealth fund that invested $390 million into Virgin Galactic in exchange for a 37.6-percent share of Sir Richard Branson’s space line.

And boy, do I wish we had checked in sooner. There’s been some real serious [expletive deleted] going down with that investment over the past year. Real serious you know what.

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  • Parabolic Arc
  • August 31, 2016
Virgin Galactic Says Bookings on SpaceShipTwo Have Recovered

Virgin Galactic CEO George Whitesides was in Abu Dhabi this week for a space conference, where he gave an update on the company’s progress since the October 2014 that destroyed the first SpaceShipTwo and killed pilot Mike Alsbury. About 25 of 700 fee-paying clients withdrew from the program after the crash in the Mojave Desert in California caused it to be put on hold just months before the first commercial flight, Virgin […]

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  • March 16, 2016
Aabar Investments Refinancing $2.5 Billion Loan

Reuters reports that Virgin Galactic partner Aabar Investments is trying to borrow $2.5 billion to refinance a loan that is due in April. Aabar has a chequered past, having borrowed aggressively to build up its holdings around the turn of the decade but then suffering heavy losses as investments turned sour. For example, IPIC’s 2011 net profit was all but wiped out due to losses worth $3.42 billion by Aabar’s […]

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  • January 28, 2016
Virgin Galactic Hires New Pilot
Kelly Latimer

Kelly Latimer

MOJAVE, Calif., November 9, 2015 (Virgin Galactic PR) – Virgin Galactic, the privately funded space company owned by Sir Richard Branson’s Virgin Group and Abu Dhabi’s Aabar Investments PJS, is pleased to announce the appointment of its newest pilot, Lieutenant Colonel Kelly Latimer, US Air Force, Ret. A former combat veteran and retired US Air Force Lieutenant Colonel, Latimer joins Virgin Galactic with extensive experience with heavy aircraft and as an experimental test pilot for NASA, Boeing, and the US Air Force.

Latimer was the first female research test pilot hired by NASA’s Dryden (now Armstrong) Flight Research Center, where she conducted experimental flight test and test support on the Stratospheric Observatory for Infrared Astronomy (SOFIA) 747SP, T-38, C-17, 747 Shuttle Carrier Aircraft, BE200 and T-34 for various NASA research projects.

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  • Parabolic Arc
  • November 9, 2015
SpaceShipTwo’s PF-04: A High-Risk Flight
Mike Alsbury

Mike Alsbury

Part 1 in a Series

By Douglas Messier
Managing Editor

Mike Alsbury’s day began with a 3 a.m. wake up at his home in Tehachapi, Calif. He showered, dressed and ate a breakfast that likely consisted of an apple and a granola bar.

Alsbury rarely awoke at so early; but this Oct. 31 was a flight test day. That meant a lot of people were getting up early for the latest milestone in the Tier 1B program. At least that’s what they called it at Alsbury’s employer, Scaled Composites. The rest of the world knew it as WhiteKnightTwo and SpaceShipTwo – the foundation of Sir Richard Branson’s suborbital space tourism program. Scaled built and tested the vehicles for the British billionaire’s spaceline, Virgin Galactic.

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  • November 9, 2015
LauncherOne’s Long & Winding Road to Orbit: A Timeline
LauncherOne stage separation. (Credit: Virgin Galactic)

LauncherOne stage separation. (Credit: Virgin Galactic)

If the current schedule holds, Virgin Galactic’s revamped LauncherOne program will enter commercial service sometime in 2018 after roughly a decade of development. During that period, the program has been redefined several times, lost two of the key people hired to lead it, and changed its launch platform from WhiteKnightTwo to a jumbo jet. The estimates for the initial flight tests also have slipped by about  four years from 2013 to 2017.

Below is a timeline of the program’s major events, milestones, announcements, hires and departures, and other things. Feel free to let me know if I’ve missed anything significant.

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  • October 12, 2015
Mojave Journal: The Ansari X Prize’s Awkward Family Reunion
Ansari X Prize 10th anniversary panel discussion on Oct. 4, 2014.

Ansari X Prize 10th anniversary panel discussion on Oct. 4, 2014.

One Year Ago, the Ansari X Prize Turned 10
It Was an Uncomfortable Birthday

By Douglas Messier
Managing Editor

The planes kept coming and coming. One after another, they swooped out of a blue desert sky and touched down on the runway at the Mojave Air and Space Port. By mid-morning there were at least a dozen private jets stretched along the flight line running east from the Voyager restaurant toward the control tower. And even more were on their way.

And to what did Mojave owe this ostentatious display of wealth by the 1 percenters? They had come to the sun-splashed spaceport last Oct. 4 to celebrate the 10th anniversary of the Ansari X Prize. A decade earlier, Burt Rutan and his Paul Allen-funded team had won $10 million for sending the first privately-built manned vehicle into space twice within a two-week period.

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  • October 5, 2015
Virgin Galactic Focused on Larger Satellite Launch Vehicle
Artist's conception of WhiteKnightTwo with LauncherOne (Credit: Virgin Galactic)

Artist’s conception of WhiteKnightTwo with LauncherOne (Credit: Virgin Galactic)

By Douglas Messier
Managing Editor

Virgin Galactic is developing a rocket more powerful than LauncherOne to fulfill a recent order for 39 launches from its global satellite Internet partner OneWeb, according to sources familiar with the program.

LauncherTwo will use Virgin Galactic’s largest liquid fuel engine, NewtonThree, in its first stage, according to sources that insisted upon anonymity. A new engine, NewtonFour, will be developed for the second stage.

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  • July 22, 2015
Flashback: Virgin Galactic Announces Switch From Rubber to Nylon Engine
RocketMotorTwo firing. (Credit: Virgin Galactic)

RocketMotorTwo firing. (Credit: Virgin Galactic)

Parabolic Arc Flashback: One year ago, Virgin Galactic announced it changing SpaceShipTwo’s propulsion system from a rubber hybrid to a nylon hybrid engine due to demonstrated better performance. The news was announced on a Friday at the start of long holiday weekends in the U.S. and Britain, a perfect time to dump news when neither reporters nor the public are paying much attention. Sierra Nevada, by the way, was blindsided that their rubber engine was being dropped and their lucrative agreement was going away.

Today, the nylon engine decision is being re-evaluated due to performance. The company recently revealed it is testing both hybid engines again, and it might go back to using the rubber one. That means the company still doesn’t know how its going to power its spacecraft despite being nearly 11 years into the SpaceShipTwo program. That explains why it is taking as long as it is.

MOJAVE, Calif., May 23, 2014 (Virgin Galactic PR) – Virgin Galactic, the world’s first commercial spaceline which is owned by Sir Richard Branson’s Virgin Group and Abu Dhabi’s aabar Investments PJS, has selected a polyamide-based fuel grain to power its hybrid rocket motor for the remainder of the test flight program and start of commercial operations. This decision follows numerous ground test firings and is supported by data collected over an extensive development program.

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  • May 24, 2015
Aabar Investments Non-Committal on Continuing Virgin Galactic Investment

An update on Abu Dhabi’s investment in Virgin Galactic. The Abu Dhabi fund which owns a major stake in Virgin Galactic will wait for results of the probe into last week’s fatal crash before deciding on its commitment to the project, a source with knowledge of the matter said. The backing of deep-pocketed Aabar Investments, run by the Abu Dhabi government, may be crucial to Virgin Galactic as it struggles […]

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  • November 7, 2014