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States Compete to Help Finance Billionaire’s SpaceX Project

Texas offers about $20 million in incentives; SpaceX would employ 600.

By Darrell Preston and Laura Tillman | Updated on February 12, 2014

In a glass-walled conference room at the California headquarters of Space Exploration Technologies Corp., Chief Executive Officer Elon Musk told Texas officials he was interested in building the world’s first commercial rocket launchpad in their state — if the state could compete.

In the months after the 2011 meeting, state and local officials gave Musk, a billionaire, what he and his lobbyists sought: about $20 million of financial incentives, laws changed to close a public beach during launches and legal protection from noise complaints. SpaceX, as the company is known, hasn’t said whether the Texas site, near Brownsville, the poorest metropolitan area in the nation, will be selected over locations in Florida, Georgia and Puerto Rico.

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