New Mexico and Virgin Galactic have reached a pact on the use of Spaceport America. Virgin Galactic will pay $27.5 million over 20 years to lease launch facilities in southern New Mexico. New Mexico hopes to fund the spaceport with a property tax increase in Dona Ana County, the location of Spaceport America.
1. space beyond the atmosphere of the earth.
prag·ma·tism (prgm-tzm) n. A way of approaching situations or solving problems that emphasizes practical applications and consequences.