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Boeing to invest $20M in human spaceflight company Virgin Galactic

Boeing Co., through its venture capital arm HorizonX Ventures, will invest $20 million in human spaceflight company Virgin Galactic LLC.

The investment is in return for new shares in Virgin Galactic and is conditional upon the completion of the company's proposed merger with Social Capital Hedosophia Holdings Corp. in a deal set to close in the fourth quarter.