The building will house Virgin Galactic's spacecraft, mission control and a preparation area for travelers.
British billionaire Richard Branson opened the world's first-ever commercial spaceport in the New Mexico desert, the new home for his company, Virgin Galactic.
The Virgin Group owner hopes that enough powered test flights of the spacecraft can be done by the end of 2012 to start commercial sub-orbital flights from the spaceport soon after.
With custom metal paneling and massive panes of glass, the state-of-the-art terminal rises from the desert floor to face the nearly 2-mile concrete runway.
The eccentric businessman, with usual flair, sported a black jacket and waves of hair flying as he inaugurated the building by breaking a champagne bottle against a hanger building, while rappelling down the side of it.
About 150 people already booked for travel on the first flights to orbit attended the event, said the company.
In the meantime, Virgin has sold some 430 tickets for space travel -- at $200,000 a pop -- for an estimated $86 million.
The $209 million taxpayer-financed spaceport will be a launch station for people and payloads on the rocket ships being developed for Virgin Galactic.
