Virgin Galactic to build $225 million spaceport in New Mexico

Posted on: Dec. 13th, 2005 || Source: cnn.com | E-mail Article | Print Article

LONDON, England (AP) -- Virgin Galactic, the British company created by entrepreneur Richard Branson to send tourists into space, and New Mexico announced an agreement Tuesday for the state to build a $225 million spaceport.

Virgin Galactic also revealed that up to 38,000 people from 126 countries have paid a deposit for a seat on one of its manned commercial flights, including a core group of 100 "founders" who have paid the initial $200,000 cost of a flight upfront. Virgin Galactic is planning to begin flights in late 2008 or early 2009.

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