$100 million invested in new satellite launcher

The Times newspaper reports $100 million is to be invested in new satellite launcher

The Times reports that the investment fund controlled by Mansour bin Zayed al-Nahyan is investing $280 million in the Virgin Galactic 'space tourist' business.

The investment fund is also contributing $100 million towards developing Virgin Galactic’s satellite business.

Virgin hopes to develop a low-cost means of launching satellites using a variant of its spaceship. It costs upwards of $30 million to launch a small satellite but Galactic is one of a growing number of companies that believes it can be done more cheaply.

Read the full story at
http://business.timesonline.co.uk/tol/business/
industry_sectors/transport/article6731076.ece

Plans for UK Satellite Launcher
http://news.bbc.co.uk/1/hi/sci/tech/7862827.stm