LOS ANGELES (AP) -- Boeing plans to invest $20 million in
Virgin Galactic as the space tourism company nears its goal of launching
passengers on suborbital flights.
The companies announced the investment Tuesday, saying they
will work together on broadening commercial access to space and transforming
global travel technologies.
Virgin Galactic has conducted successful test flights of its
winged rocket ship at Mojave, California, and is preparing to begin operations
at Spaceport America in New Mexico. Test flights will be conducted there before passenger
Virgin Galactic CEO George Whitesides says the company is
projecting commercial flights by mid-2020.
Virgin Galactic announced in July it intends to go public
through a merger with Social Capital Hedosophia Holdings Corp.