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New Mexico Spaceport Authority seeking new space customers

The state of New Mexico is considering new methods to create revenue in its expensive Spaceport America project
By: Michael Hatamoto | Science, Space & Robotics News | Posted: Nov 24, 2014 9:36 am

The New Mexico Spaceport Authority is trying to attract new customers willing to launch commercial flights from Spaceport America, but those efforts hit a bump in the road when Virgin Galactic SpaceShipTwo suffered a "serious anomaly" that left one test pilot dead. With the Virgin Galactic flights delayed, New Mexico could lose up to $1.7 million per year, as authority officials try to find new temporary revenue streams.

 

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Leasing the facility for outside functions such as photo and video shoots, fashion shows and similar activities will help ease the financial bleeding - but the true benefit could be from UP Aerospace and other future rocket launches. SpaceX's tests of a reusable rocket is expected to begin in spring 2015, which will add much-needed revenue.

 

The State of New Mexico has invested almost $220 million into space tourism, but lawmakers are increasingly concerned about the state's investment.

NEWS SOURCES:Abcnews.go.com, Fosterandpartners.com

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