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.
