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California Senate to take up Mojave loan bill

The Sacramento Bee reports that the appropriations committee of the California Senate will debate legislation that would provide Mojave Airport with an $11-million loan to develop a spaceport terminal and related facilities. You may recall that the same bill, SB 1671 was approved by the Senate’s transportation committee last month, although not without some drama. The appropriations committee is considering the same issues that the transportation committee did: should the state provide a loan for a for-profit venture, or risk falling further behind other states, notably New Mexico, that have made large investments to gain a share of the emerging commercial space markets?

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