Musk was joined today by Gov Rick Perry and other officials as SpaceX broke ground at the state's southernmost tip.
The ceremony marked the start of construction of the USD 85 million site at Boca Chica Beach, east of Brownsville, where commercial satellites will be launched.
Perry is providing USD 2.3 million from the Texas Enterprise Fund toward the project and another USD 13 million from the Spaceport Trust Fund to pay for infrastructure.
The company already has a rocket testing facility in McGregor in Central Texas that employs 250 people.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
