The Player Headquarters acts as a player owned Shipyard and Equipment Dock.   The Player Headquarters is obtained as a mission reward from the Operation loose Ends (Terran Headquarters) and Headquarters Plot (Commonwealth Headquarters).   The only difference between the two variants of the Player Headquarters is the number of docking points and that the Terran version has an extra 200,000 cargo hold volume enabling it to construct Valhalla M2+ destroyers (require 555652 volume of goods to make) which cannot be built by Commonwealth Headquarters which only have a 500,000 volume cargo hold.  

What headquarters the player can obtain is determined by the game starting scenario chosen.   Terran Commander is the only starting scenario able to get the Terran Player Headquarters.

Terran Player Headquarters have 700,000 cargo hold volume and can dock 18 TL/M1/M2/M7 ships and unlimited ships of other classes

Commonwealth Player Headquarters have 500,000 cargo hold volume and can dock 10 TL/M1/M2/M7 ships, 15 TM/TP/TS/M6/M8 ships and unlimited fighters 

Player Headquarters can repaint ships (purely aesthetic), recycle unwanted ships to produce wares, reverse engineer ships to add them to the list of buildable ships and construct new ships.

As the player only gets one of these stations without cheats it is advised that it is built far from enemy patrols and preferably in friendly or neutral sectors.   If built in Unknown Sector 8:13 (Xenon Hub) the Player Headquarters is forced to be build in the middle of the sector.

Spray Shop

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Recycle Queue 

Reverse Engineering Queue

Production Queue