Commercial Space Entrepreneurs Look to the East for Funding

WhiteKnightTwo and SpaceShipTwo: Made in America, financed in the Middle East. (Photo credit: Mark Greenberg)

While Europe lurches from sovereign debt crisis to debt crisis, the United States struggles with a ballooning budget deficit, and investors worldwide pull back on spending, there is one area of the world that still has a mountain of funds to spend. It’s a reality could have a major effect on the path of the nascent commercial spaceflight industry in the years ahead.

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(C) Douglas for Parabolic Arc, 2011. | Permalink | No comment | Add to del.icio.us Post

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URL: http://www.parabolicarc.com/2011/02/23/commercial-space-pioneers-mideast-funding/

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