New Mexico Inks Spaceport Funding Package

New MexicoGovernor Bill Richardson has signed new pieces of legislation--bills that pushforward work on New Mexico's spaceport. In addition, the state has set inmotion a potential investment deal to attract a space entrepreneurial firm towork in the area.

As aresult of a legislative session last month, New Mexico is now able to invest$110 million in building what's labeled as the world's first "purposebuilt" spaceport to be located in Upham, New Mexico.

New Mexico lawmakers agreedlast month to spend $100 million dollars over the next three years to build thespaceport. The other $10 million dollars in previous funding is availableto help move forward on the request for proposal process for the design andconstruction of the spaceport.

GovernorRichardson signed on March 1 two bills that further the spaceport'sdevelopment:

LastDecember, Richardson and Sir Richard Branson, Chairman of Virgin Companiesannounced a partnership to build the world's first commercial spaceport.Branson's Virgin Galactic will locate its world headquarters and missioncontrol for its personal spaceflight business at the spaceport.

CharlesWollmann, Public Information Officer for the Council told SPACE.com that thegroup has okayed an investment of up to $20 million in Transformational SpaceCorporation LLC (t/Space) of Reston, Virginia, "contingent on the awardingof a contract by NASA, and negotiation of final terms and conditions." Thespace firm would also need to move to New Mexico, he said.

Recentlegislation signed by Governor Richardson enables the State Investment Councilto invest in aerospace companies like t/Space, Wollmann added, should theyreceive a government contract of $100 million or greater. 

"Ourinvestment is limited to 10% of the total contract, i.e. if it is $150 millioncontract, New Mexico can invest up to $15 million," Wollmann explained.

"t/Spaceis delighted to have the State of New Mexico as a partner," said BrettAlexander, t/Space VicePresident for Government Relations. "New Mexico has been very supportive of our efforts," he told SPACE.com, with the groupenthusiastic about locating its Commercial Orbital Transportation Services(COTS) development work there.

TheFederal Aviation Administration (FAA) Associate Administrator for CommercialSpace Transportation (AST) has prepared a 253-page draft EnvironmentalAssessment for the Oklahoma Space Industry Development Authority's proposal tolaunch reusable launch vehicles horizontally on suborbital trajectories.

Join our Space Forums to keep talking space on the latest missions, night sky and more! And if you have a news tip, correction or comment, let us know at: community@space.com.

Leonard David
Space Insider Columnist

Leonard David is an award-winning space journalist who has been reporting on space activities for more than 50 years. Currently writing as Space.com's Space Insider Columnist among his other projects, Leonard has authored numerous books on space exploration, Mars missions and more, with his latest being "Moon Rush: The New Space Race" published in 2019 by National Geographic. He also wrote "Mars: Our Future on the Red Planet" released in 2016 by National Geographic. Leonard  has served as a correspondent for SpaceNews, Scientific American and Aerospace America for the AIAA. He has received many awards, including the first Ordway Award for Sustained Excellence in Spaceflight History in 2015 at the AAS Wernher von Braun Memorial Symposium. You can find out Leonard's latest project at his website and on Twitter.