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New Mexico to spend $225 million Commercial spaceflight set to begin in 2010 Virgin Galactic to fly 50,000 peassengers in 10 years SANTE FE, NM, Dec. 14, 2005 (New Mexico Economic Development Department PR)  Governor Bill Richardson and Sir Richard Branson, Chairman of the Virgin Companies, today announced that Virgin Galactic, the world’s first commercial space tourism business, will locate its world headquarters and Mission Control in New Mexico. The agreement between the State of New Mexico and Virgin Galactic calls for New Mexico to build a $225 million spaceport in the southern part of the state, on 27- square miles of state land. “This is a historic day for our great state, and particularly Southern New Mexico,” said Governor Bill Richardson. “With Virgin at the controls, enthusiasts from around the world will fly to space, routinely and safely, just a few years from now. And they will be flying from the world’s first purpose-built spaceport here in New Mexico.

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