Monday, July 09, 2012

West Texas may yet get its spaceport

Today, XCOR and the Midland Development Corporation formally announced that XCOR will be relocating its R&D effort to Midland, TX.  They will also occupy a hangar at the Midland International Airport (MAF) and the city of Midland will be applying for spaceport status with the FAA.  ParabolicArc has posted the entire announcement.

Like many corporate location/relocation, Midland offered up a lot of incentives to XCOR.  The payback is expected to be economic stimulus and educational opportunities.