The defence ministry said it intercepted 50 Ukrainian drones overnight
The deal was earlier reported by the Wall Street Journal, which said the SPAC, Social Capital Hedosophia Holdings Corp, will invest about $800 million for a 49 per cent stake in Virgin Galactic.
The deal could be announced as early as Tuesday morning, said the source, who declined to be named because the matter is confidential.
Virgin Galactic and Social Capital Hedosophia did not respond to requests for comment from Reuters outside regular business hours.
Branson's company is racing against Blue Origin, the space business of Amazon.com Inc founder Jeff Bezos, to bring tourists into space.
Virgin Galactic in February soared to the edge of space with a test passenger for the first time, nudging the company closer to its goal of suborbital flights for space tourists.
After Branson founded the company in 2004, his ambitious timeline for taking customers into space suffered delays and a fatal setback when the original SpaceShipTwo crashed on a test flight in 2014 that killed the co-pilot and seriously injured the pilot.
Branson has said he plans to be the first passenger on SpaceShipTwo's first commercial flight in mid-2019.
The defence ministry said it intercepted 50 Ukrainian drones overnight
Media reports had suggested the trip would begin as soon as Sunday and last two days
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents