Moduli spaces of weighted pointed stable rational curves via GIT

We construct the Mumford-Knudsen space of n pointed stable rational curves by a sequence of explicit blow-ups from the GIT quotient (P^1)^n//SL(2) with respect to the symmetric linearization O(1,...,1). The intermediate blown-up spaces turn out to be the moduli spaces of weighted pointed stable curves for suitable ranges of weights. As an application, we provide a new unconditional proof of M. Simpson's Theorem about the log canonical models of the Mumford-Knudsen space. We also give a basis of the Picard group of the moduli spaces of weighted pointed stable curves.