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

NASA selects investigations for future key planetary mission

October 1, 2015

NASA has selected five science investigations for refinement during the next year as a first step in choosing one or two missions for flight opportunities as early as 2020. Three of those chosen have ties to NASA's Jet Propulsion ...

Dawn team shares new maps and insights about Ceres

October 1, 2015

Mysteries and insights about Ceres are being discussed this week at the European Planetary Science Conference in Nantes, France. NASA's Dawn spacecraft is providing scientists with tantalizing views and other data about the ...


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.