Virgin Spaceport to Be Built in New Mexico

Virgin Spaceport to be built in New Mexico, Bella to camp out nerdy-Star Wars style to be first in line to fly into space.

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.

(Source: AP)