General News

Richard Branson turned down $1B of Saudi funding over Jamal Khashoggi’s murder

Brit billionaire Sir Richard Branson has severed all ties with the Saudis — and turned down a $1 billion increase for his area program following the murder of journalist Jamal Khashoggi.

Branson will ring the bell on the New York Inventory Trade on Monday as he launches an IPO for Virgin Galactic, he revealed. He mentioned he was “bullish and assured” because it turns into the primary area firm to drift.

However Branson confirmed he had formally turned down “a really huge test from Saudi Arabia” — which he was set to plow into Virgin Galactic — as a result of loss of life of outspoken critic Khashoggi contained in the Saudi embassy in Istanbul, Turkey, October 2018. The act was believed to be on the behest of crown prince Mohammed bin Salman, in any other case often known as MBS.

Talking on the launch of the brand new Virgin Atlantic route from London to Tel Aviv at Ben Gurion Worldwide airport on Wednesday, Branson mentioned he couldn’t wait to go public, including: “That is going to be the one method for folks to spend money on an area firm,”

Subsequent yr marks the 50th yr of the Virgin model and Branson mentioned: “We’ve got had rather a lot of success placing the primary 5 folks into area and turning them into astronauts … Subsequent yr ought to be a really thrilling yr for Virgin Galactic and the beginning of an entire new period of area journey.”

The IPO will give Branson’s enterprise much-needed capital within the race to area in opposition to rivals corresponding to Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX.

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Tina Sanders

Tina Sanders

Tina is the mind behind Gruntstuff.com, and she ideated it when she was working for an online magazine company where she used to cover US-based headlines news. She holds a degree in journalism and has more than 4.5 years of experience in an online magazine company. She had the idea while working there but when she was quite sure about starting something on her own, she took the risk and left the job to start Gruntstuff. Since then she added a few team members, and along with them, she creates General US news content on the site.

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