SpaceX gets 10-year tax exemption for Texas site

August 22, 2014

Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world's first commercial site for orbital rocket launches to the southernmost tip of Texas.

The county's governing board on Thursday also approved a draft of an economic agreement with Space Exploration Technologies Corp., also known as SpaceX.

County Judge Carlos Cascos tells The Brownsville Herald that details of the agreement are being withheld until SpaceX signs it. He expects that to happen next week.

SpaceX announced earlier this month it had selected Cameron County for its launch site. It's an $85 million investment that's expected to bring 300 to the Brownsville area.

Explore further: SpaceX is considering coastal Texas town for rocket launch site

Related Stories

SpaceX signs 1st customer for big new rocket

May 29, 2012

(AP) — Space Exploration Technologies says it has signed its first commercial contract for a new rocket that will be more powerful than the one that launched the company's Dragon capsule to the International Space Station ...

Recommended for you

Dense star clusters shown to be binary black hole factories

July 29, 2015

The coalescence of two black holes—a very violent and exotic event—is one of the most sought-after observations of modern astronomy. But, as these mergers emit no light of any kind, finding such elusive events has been ...

Image: Hubble sees a dying star's final moments

July 31, 2015

A dying star's final moments are captured in this image from the NASA/ESA Hubble Space Telescope. The death throes of this star may only last mere moments on a cosmological timescale, but this star's demise is still quite ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.