New Mexico Spent $212 Million On A “Spaceport”

It has been nine years since New Mexico taxpayers sank $212 million into a “spaceport” for billionaire Richard Branson’s Virgin Galactic space flights and not a single flight has left the ground. Although Branson is confident a flight will take place later this year, the long-term profitability of the flights has been called into question. With tickets costing above $200,000 there are serious questions about whether New Mexico taxpayers will ever see a return on their “investment.”

“In the absence of Galactic operations, the only passengers who have lifted off from Spaceport America are the cremated remains of people whose families have paid UP Aerospace to launch their dead loved ones on a final joyride.”

A version of this blog originally appeared on CronyChronicles.org, a project of the Charles Koch Institute. The Institute republished it here on September 17, 2015.

More Blog Posts

09-02-2020 01:00pm

How Market-Based Management® cultivates a contribution mindset

The Koch Associate Program (KAP), a year-long opportunity that blends professional development with real work experience, works with early-career professionals who want to discover their passions, develop their unique talents, and jumpstart their careers as social entrepreneurs.

Read more

08-28-2020 01:00pm

How families and students — not institutions — are innovating education

We recently spoke with Adam Peshek, a Charles Koch Institute senior fellow, who covers a range of education policy issues, from education choice to innovative learning models.

Read more

08-18-2020 02:26pm

Customizing K-12 education to meet the individual needs of students and families

CKI's Lisa Snell offers her perspective on how the ongoing pandemic may affect education, challenges of our current educational system, and how she’d like to see a “permissionless” system.

Read more

Sign up for updates