Business

SpaceX To Build Rocket Launch Site In South Texas

View Comments
SpaceX CEO Elon Musk (Photo by Kevork Djansezian/Getty Images)

SpaceX CEO Elon Musk (Photo by Kevork Djansezian/Getty Images)

From Our CBS Music Web Sites

453641528 10 SpaceX To Build Rocket Launch Site In South TexasAdorbale Baby Animals To Put A Smile On Your Face

150725619 10 SpaceX To Build Rocket Launch Site In South TexasHot Models In Glasses

 alt=Musicians Then And Now II

452359780 10 SpaceX To Build Rocket Launch Site In South TexasMissing Summer?

87222728 SpaceX To Build Rocket Launch Site In South Texas8 Reasons to Have A Good Love Life

sx SpaceX To Build Rocket Launch Site In South Texas Victoria's Secret Fashion Show

BROWNSVILLE, Texas (AP) – Texas and SpaceX have announced that the company will build the first commercial site for orbital launches on the state’s southernmost tip.

The $85 million site at Boca Chica Beach, east of Brownsville, will be used to launch commercial satellites.

Gov. Rick Perry’s office said Monday it will provide $2.3 million from the Texas Enterprise Fund. The state will offer an additional $13 million from the Spaceport Trust Fund to pay for infrastructure development.

California-based SpaceX is expected to create 300 jobs at the site. The company already has a rocket testing facility in McGregor that employs 250 people.

SpaceX says it plans 12 launches a year from the Texas facility. CEO Elon Musk says the site will draw tourists, inspire students and expand suppliers.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

 

View Comments