Saudi Arabia is poised to invest $1 billion in entrepreneur Richard Branson’s space-tourism and satellite-launching venture, which is seeking to show it is back on track three years after a fatal accident. Thursday’s joint announcement, though it had scant details and described a nonbinding agreement, provides a high-profile vote of confidence in Mr. Branson’s Virgin Galactic LLC because the Saudi kingdom envisions taking, according to the press release, “a significant stake” in the closely held company and its affiliates....

Source: Wall Street Journal October 26, 2017 23:28 UTC