The moduli space of quadratic rational maps

Let $M_2$ be the space of quadratic rational maps $f:{\bf P}^1\to {\bf P}^1$, modulo the action by conjugation of the group of Möbius transformations. In this paper a compactification $X$ of $M_2$ is defined, as a modification of Milnor's $\overline{M}_2\simeq{\bf CP}^2$, by choosing representatives of a conjugacy class $[f]\in M_2$ such that the measure of maximal entropy of $f$ has conformal barycenter at the origin in ${\bf R}^3$ and taking the closure in the space of probability measures. It is shown that $X$ is the smallest compactification of $M_2$ such that all iterate maps $[f]\mapsto [f^n]\in M_{2^n}$ extend continuously to $X \to \overline{M}_{2^n}$, where $\overline{M}_d$ is the natural compactification of $M_d$ coming from geometric invariant theory.