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

Hubble finds clues to the birth of supermassive black holes

May 24, 2016

Astrophysicists have taken a major step forward in understanding how supermassive black holes formed. Using data from Hubble and two other space telescopes, Italian researchers have found the best evidence yet for the seeds ...

Finding aliens may be even easier than previously thought

May 26, 2016

Finding examples of intelligent life other than our own in the Universe is hard work. Between spending decades listening to space for signs of radio traffic – which is what the good people at the SETI Institute have been ...

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.