1)  Where is the Galileo now?

Galileo is at a professional boat restoration facility in New Jersey being restored.

2)  What will happen to Galileo once it is restored?

We plan on finding a home for Galileo at an aviation museum. There are many good aviation museums that would be great homes for Galileo.  We have already begun the process of finding the right museum and have talked to every major aviation museum in the country.