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

05-20-2020 01:20pm

StoryCorps Connect During COVID-19: Finding a New Way to Share America’s Stories

StoryCorps pivots to digital to keep building connections between people during the pandemic.

Read more

05-19-2020 05:39pm

Free speech provides comfort during COVID-19 pandemic

Trying circumstances can also present opportunities for people to come together. When people feel as if they face a common challenge, differences and divisions begin to blur. That’s cause for optimism.

Read more

05-14-2020 11:20am

Five steps for public officials to protect public health, regain public trust, and ensure civil liberties during COVID-19 crisis

Americans and their public officials grapple with the dynamic while working to protect public health and maintain the public confidence necessary for successful adoptions of temporary measures and ultimately restoration of their full civil liberties. Charles Koch Institute Senior Fellow Casey Mattox offers advice on the subject.

Read more

Sign up for updates