Well, for those who haven’t been following along on the little debate on the merits (or lack thereof) of Government investment in spaceports, here’s a little update on the happenings in New Mexico.
Apparently, not liking the advice given to them by their hired investment advisors (Fort Washington Investment Advisors), the State Investment Council of New Mexico chose to instead terminate their relationship citing a “divergence of interests”.
In plainspeak, a divergence of interests appears to mean that they didn’t like it when FWIA told them that the decision to put $20m into t/space (and their consideration of another $20m into Virgin Galactic) was not sound investment but rather an economic development program. For space boosters, this is a no go.
Off with their heads, so to speak.