The goal of the legislation is to keep Virgin Galactic as the anchor tenant at Spaceport America and to attract more commercial space companies to the state.
The Legislature approved the measure that Martinez has said is critical for New Mexico to develop a commercial space travel industry. The liability limit would provide a partial legal shield for spacecraft manufacturers and their suppliers.
British billionaire Richard Branson's Virgin Galactic plans to fly tourists into space from the nearly complete spaceport near Truth or Consequences.
- The Buzz: The Buzz: Fuzzy food 4/3/13
MORE HBJ HEADLINES
Long-time Work Opportunities executive director retires Minimum wage hikes were followed by employment increases 12:39 p.m. Bitcoin’s self-proclaimed founder backtracks 11:29 a.m. Boeing Co. drone unit to open office at Mississippi State Drone racing sport begins to take off Briefs: Master Builders offers $30,000 scholarship for students in construction field