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.