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SpaceX Plans $85 Million Investment To Establish Rocket Launch Facility to Cameron County, Texas

Area Development Online News Desk (08/05/2014)
The Texas Enterprise Fund is offering $2.3 million to bring SpaceX's commercial rocket launch facility to Cameron County, Texas. According to state officials, contingent upon final approval of local agreements and receipt of additional required permits, this facility will create 300 jobs and pump $85 million in capital investment into the local economy.

In addition to the TEF investment, the state is also offering $13 million from the Spaceport Trust Fund to the Cameron County Spaceport Development Corp. The fund is used to support the development of infrastructure necessary for establishing a spaceport.

SpaceX designs, manufactures and launches advanced rockets and spacecraft, and is the world's fastest-growing provider of launch services. It is the only private company ever to return a spacecraft from low-Earth orbit, which it first accomplished in December 2010. SpaceX is also the first private company to attach a spacecraft to the International Space Station, exchange cargo payloads, and return safely to Earth - a technically challenging feat previously only accomplished by government space programs. SpaceX operates a Rocket Development Facility in McGregor, Texas which has grown to over 250 employees since starting operations in 2003. The Brownsville facility will launch commercial satellites.

"SpaceX is excited to expand our work in Texas with the world's first commercial launch complex designed specifically for orbital missions. We appreciate the support of Governor Perry and numerous other federal, state and local officials who have partnered with us to make this vision a reality," SpaceX CEO Elon Musk said. "In addition to creating hundreds of high tech jobs for the Texas workforce, this site will inspire students, expand the supplier base and attract tourists to the south Texas area."

"Texas has been on the forefront of our nation's space exploration efforts for decades, so it is fitting that SpaceX has chosen our state as they expand the frontiers of commercial space flight," Governor Rick Perry said. "In addition to growing the aerospace industry in Texas, SpaceX's facility will provide myriad opportunities for STEM education in South Texas, and inspire a new generation of Texas engineers and innovators."

According to the Governor’s Office, the State of Texas and SpaceX first discussed this potential project in the spring of 2011 during a TexasOne mission to California. The governor has since met with SpaceX founder Elon Musk and provided letters in support of SpaceX's efforts to get FAA clearance for the site. Governor's Office staff has worked closely with local officials in South Texas throughout the process, and also testified before the FAA in support of bringing the project to Texas.

"What a historical moment for the greater Brownsville region and the State of Texas. It's the culmination of a dream and a vision that began more than three years ago," Brownsville Mayor Tony Martinez said. "We will ensure that SpaceX has everything they need in order to be successful in the Greater Brownsville Borderplex. The team effort would have never succeeded but for the immense support of the people of Brownsville, all of its surrounding neighbors and the state - to all of you ‘mil gracias' and watch us soar."

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