spaceport

Space tourism is coming to the Middle East, as Abu Dhabi-based Aabar investments announced today it has taken a $280 million, 32 percent stake in Virgin Galactic. As part of the deal, which is still pending regulatory approval, Aabar plans to build a spaceport in Abu Dhabi, the capital of the United Arab Emirates, and will have rights to all Virgin Galactic traffic in that region. Aabar is also setting aside $100 million to build a small satellite launching facility, suggesting that the team plans to use the spaceport as a base for scientific research as well as space tourism.