The future is here. Sales tax increases started today and Virgin Galactic has signed a lease with Spaceport America in southern New Mexico.
Under the terms, Virgin Galactic will pay $1 million per year for the first five years for use of the terminal facilities, and, for the next 15 years, will pay a fee based on an amortization of the remaining total cost of its facilities.
In addition, it sets a tiered fee scale — with a minimum charge of $50,000 per month — that hinges upon the number of flights launched by the company each year. A third fee charges the company $30,000 each year to rent ground space for the facilities.
Creative Commons photo from generated
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