Spaceport America, the World’s first purpose-built commercial spaceport, has released an economic impact report conducted by Albuquerque-based accountancy and consulting firm Moss Adams. The report released on January 30 2020, revealed that New Mexico’s investment in the spaceport has already paid off.
The report revealed that Spaceport America generated $33 million in direct economic impact in FY19 (not including indirect and induced economic impact). 150 space industry jobs generating economic impact at Spaceport America was also a key take away from the statement released at a press conference in Santa Fe. Job growth is expected to reach more than 500 jobs by FY29.
Spaceport America offers space companies the ideal location to launch spacecraft. The unique advantages of the spaceport include its location adjacent to White Sands Missile Range with 6,000 square miles of restricted airspace and both vertical and horizontal launch capabilities.
New Mexico has a long history with space exploration and pioneering rocketry in the United States and the future looks to be just as bright for the Space Valley.
Cover image by Scott Weaver.