Airbus joined Virgin founder Richard Branson to buy into investment firm Seraphim Space Investment Trust through its initial public offering.
Aerospace manufacturer Airbus and Richard Branson, founder of conglomerate Virgin, have bought shares in UK-headquartered space technology investment firm Seraphim Space Investment Trust.
The deal was part of a £178m ($247m) initial public offering for Serpahim, which operates as a fund.
Branson has set up Virgin Galactic within the wider Virgin organisation to take tourists into space, while Airbus had previously committed to Seraphim’s $95m closed-ended space technology fund in 2017.
