SANTA FE, N.M. (AP) — Billionaire Richard Branson is moving Virgin Galactic's winged passenger rocket and more than 100 employees from California to a remote commercial launch and landing facility in southern New Mexico, bringing his space-tourism dream a step closer to reality.

Branson said Friday at a news conference that Virgin Galactic's development and testing program has advanced enough to make the move to the custom-tailored hangar and runway at the taxpayer-financed Spaceport America facility near the town of Truth or Consequences.

Virgin Galactic CEO George Whitesides said a small num...