The announcement of Abu Dhabi’s Aabar Investments to purchase a 32% stake in Virgin Galactic seems to go against any level of common sense. I can understand the desire of the Abu Dhabi government to want to become a center of research and innovation but why commercial space travel? Sure, they have the money to buy what they want but what’s their real vision?
Think what could happen when you take a government that truly wants to be a leader in scientific research and has the monetary power to support this vision. This could have a big impact in the drive to cure cancer, finding new power solutions and solving some of the biggest problems the world faces today. Their recent purchase in a stake of Tesla motors is clearly a solid play down this track. However, what’s the real value of commercial space travel and its impact on the global economy? Virgin Galactic has been in existence since ’04 and what do they have to show for? I believe this is a case of Mr. Branson selling a wild promise to a government that has more money than sense. There’s a reason why Mr. Branson has been a very successful businessman.
Think what could happen when you take a government that truly wants to be a leader in scientific research and has the monetary power to support this vision. This could have a big impact in the drive to cure cancer, finding new power solutions and solving some of the biggest problems the world faces today. Their recent purchase in a stake of Tesla motors is clearly a solid play down this track. However, what’s the real value of commercial space travel and its impact on the global economy? Virgin Galactic has been in existence since ’04 and what do they have to show for? I believe this is a case of Mr. Branson selling a wild promise to a government that has more money than sense. There’s a reason why Mr. Branson has been a very successful businessman.
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