TECH - Elon Musk's SpaceX's $3B Investment In Cameron County Wins Praise From Judge For Boosting Tourism And Jobs: 'We Look Forward To Additional Growth' | Benzinga
Elon Musk‘s SpaceX has invested over $3 billion in infrastructure at its Starbase facility in Boca Chica, Texas, and it now has an annual gross economic market value of over $6.5 billion, as per data released by Cameron County officials.
What Happened: Cameron County Judge Eddie Treviño, Jr. shared the economic impact of the facility on Tuesday.
"While SpaceX is located in the unincorporated territory of Cameron County, their presence has positively affected all the cities within Cameron County through increased tourism and new job opportunities,” Trevino said in a statement.
“We look forward to additional growth and investment in the future as SpaceX carries on their mission to explore space, return us to the moon, and colonize Mars.”
According to the judge’s statement, SpaceX has invested over $3 billion in infrastructure at Starbase. The facility has generated over $800 million of state and local government capital income and indirect business taxes, with an annual gross economic market ...