Money's everywhere. And then sometimes… suddenly… it's not.
Down in the Southern New Mexico desert four years ago, there was a kind of birthday.
Richard Branson, the billionaire behind Virgin Records, Virgin Mobile, Virgin Atlantic, christened Virgin Galactic and promised tourists a two and a half hour flight to space for $250,000 per trip.
The operation set up shop outside Las Cruces at a place called Spaceport America.
Josh Wheeler wrote about it for Buzzfeed. "It rises up in the middle of the desert, almost from ground level, on the south side, then opens up with this giant three story glass wall with this giant runway, coming out of it on the other side. It's really sort of a beautiful building to find out in the middle of the desert."
Fred Martino, Director of Content at the public radio station KRWG in Las Cruces, lives near the facility.
"When people heard about this idea, they really were excited about it. And not just from an economic development standpoint," Martino says. "The idea that they would live in the place where space travel would be possible, that was really an exciting idea. So was what the Spaceport could bring with it, in a state where 30 percent of children live in poverty. New Mexico would front the money for the Spaceport. And Virgin would pay rent, and bring big spending space tourists, money and jobs. Plus, a chance to be a part of something kind of magical."
Except, it hasn't happened yet. There have been no Virgin Galactic space flights in 2012. Or 2013. There were construction delays. Haggles with regulators. Insurance problems. Political fights .
"There was some concern at one point about Virgin Galactic's future in New Mexico," Martino says. "And it had to do with the legislation that was being proposed at the state level to give liability protection for the folks who do the launches, build the equipment for the spaceport. And the Spaceport came with a big price tag. More than $200 million… money from the state, the local counties, and their taxpayers. For now, the action at the Spaceport is mostly from Elon Musk's company Space X. And NASA."
Josh Wheeler rode the one bus on the one road that drives to it. "The couple times I visited nothing was happening out there."
Virgin Galactic has said it will stay at Spaceport America. But state officials are no longer counting on those space tourists to make the money back. "They were no longer going to get the economic development that comes from the being cradle of a nascent industry, they had to rely on the promise of a tourist boom," Wheeler says.
For now, those are the people New Mexico is relying on to recoup its money: what they call "terrestrial space tourists," who will ride a bus out to the desert to see the Spaceport, and never get off the ground.
"It's very ironic, that on the one hand you have people that can afford a $250,000 ticket going up into sub-orbital space, and getting those amazing views. And on the other hand, you'll have people that can't afford those tickets, who are expected to just come and watch those people who do have that money, go and have this potentially life changing experience," Wheeler says.
What happens next here? What Virgin Galactic does next will dictate that. Richard Branson told Fusion that he's "90 percent certain" they will launch this year.
We reached out to both Virgin Galactic and Spaceport America, but as of now, we haven't heard back.