Billionaire Musk Chooses South Texas for SpaceX Launchpad
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Billionaire Elon Musk’s Space Exploration Technologies Corp. plans to build the world’s first commercial launchpad near Brownsville in south Texas, Governor Rick Perry’s office said.
The state is providing $2.3 million from the Texas Enterprise Fund to bring an estimated 300 jobs to the launch site, which will inject about $85 million of capital investment into the economy, according to a news release. The state is offering another $13 million from the SpacePort Trust Fund to support the development of infrastructure. Local officials are awarding about $5 million of incentives.