An economic impact report published by New Mexico State University Arrowhead Center indicated that the economic output to the local and state economy by Spaceport America was upwards of $240 million in 2024.
Spaceport America, a commercial spaceport in southern New Mexico, occupies 18,000 acres and is licensed by the Federal Aviation Administration for vertical and horizontal launches. It utilized public and private funds with an aim "to promote regional economic development while advancing New Mexico's role in the commercial space industry."
The facility houses Virgin Galactic, Spin Launch, UP Aerospace, Isotropic Networks, Inc. and various other tenants - all contributing to the job market in the region, according to the report.
Dr. Kramer Winingham of NMSU's Arrowhead Center, an economist who authored the report, said Spaceport America is producing "exciting" results for New Mexico, including the potential of long-term tenants with the growth of the aerospace industry in the state.
Read the report here.
Job growth positive, but CEO predicts slow down as Virgin Galactic pauses flights
New Mexico State University's Department of Mechanical and Aerospace Engineering- the first of its kind at the university - reported 629 undergraduate students enrolled in its mechanical engineering program and 452 undergraduates in its aerospace engineering program.
It is an employee pool that CEO of Spaceport America Scott McLaughlin said holds promise for the future of New Mexico's aerospace industry - especially as the economic report shows jobs at the facility trending upwards over the six-year study period.
In 2019, the facility reported 396 jobs - in 2024 that number had risen to 790. There was a dip in 2021 as the U.S. was in the grips of the COVID-19 pandemic.
McLaughlin predicted a slow down in that statistic again, however, as Spaceport America's anchor tenant Virgin Galactic announced a pause in flights. Total jobs at Spaceport America dropped from 985 in 2023 to 790 in 2024. Tenants at the facility self-report job figures.
A majority of those jobs are in Don?a Ana County according to the report; some 256 direct jobs and 590 total jobs. Sierra County saw some job impact as well with 107 total jobs , according to the report.
McLaughlin said he expected to see jobs bounce back in 2026 as Virgin Galactic resumed regular launches. The company announced its second quarter financial data showing a decrease in year over year revenue as it paused "commercial spaceflights to focus efforts on the production of the Delta class SpaceShips." The company's financial disclosure said research and private astronaut flights were expected to resume in fall 2026.
"Progress on our SpaceShips continues across all systems and structures, and our strong balance sheet, with over $500 million in cash, cash equivalents and marketable securities, provides the foundation to execute our business model as we bring our SpaceShips into commercial service. We have continued to reduce our quarterly cash spending and operating expense as part of our disciplined approach. Commercial service remains planned for 2026, with both research and private astronaut flights expected in the fall next year," said Michael Colglazier, CEO of Virgin Galactic in the financial report.
CEO touts continued investment in Spaceport to grown NM's aerospace industry
Spaceport America reported $14 million in revenue - not including funding from the State of New Mexico - Winingham said. He said the report indicated that the aerospace industry in New Mexico was headed in the right direction, and that as challenges are addressed it would continue to contribute to the local and state economy.
Don?a Ana County saw $183 million in total output from the facility; Sierra County saw $36 million. The report said Spaceport America saw a total tax revenue impact in 2024 of $24 million, $18 million of that with a direct impact on Don?a Ana County.
Among those challenges, Winingham said, were continued investment in the infrastructure at the facility and recruitment to diversify its tenant base.
The investment of private funding for construction in the six-year period of the study showed a drop since 2019 when investment peaked at $23 million. In 2024, just $2 million in private funds were used for construction at the site.
"So the initial vision of the Spaceport as a space tourism hub is still there, but we are also working very hard to diversify our customers," McLaughlin said.
McLaughlin said as a move to diversify, Spaceport America is courting a data center, an electromagnetic testing facility, and a deal is in the works with Sirius Aviation for vertical take-offs and landings as well as courting companies interested in suborbital flights.
Inland orbital launch however, McLaughlin said, is the future of Spaceport America. Building that capability at Spaceport America meant the facility - and New Mexico - would be better positioned in the aerospace industry. But that takes investment.
".... it creates a larger ecosystem that I think will help the whole region and help the State of New Mexico, so that's the long-term goal," he said.
"We have to invest. We can't ... just say that companies are gonna come here. We have to make the Spaceport America site ready. We have to invest in infrastructure and roads and electricity and water."
McLaughlin hoped the growth reported at Spaceport America would help New Mexico sell itself to companies and build on its economic growth.