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Virgin Galactic

Russia to start offering spacewalks for tourists

MOSCOW: Russia is planning to send paying tourists on the International Space Station out on spacewalks for the first time, an official from the country's space industry said Thursday. "We are discussing the possibility of sending tourists on spacewalks," Vladimir Solntsev, the head of Russian space company Energia, told Russian tabloid Komsomolskaya Pravda. "Market analysts have confirmed this: wealthy people are ready to pay money for this," Solntsev told the paper. He said the cost of such a trip could be around $100…

Saudi Arabia to invest $1 billion in Virgin Galactic

RIYADH: Saudi Arabia's Public Investment Fund on Thursday announced a $1 billion investment in  British billionaire Richard Branson's space tourism company Virgin Galactic. The announcement on the sidelines of an investment summit in Riyadh comes nearly a month after the Virgin Group founder said he would invest in the kingdom's Red Sea project that aims to turn 50 Saudi islands into luxury tourism destinations. "This investment will enable us to develop the next generation of satellite launches and accelerate our…