Subsidies

SpaceX Will Launch From Texas—After a Little Taxpayer Payoff

What's a few million dollars among friends?

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Texas is on the list of states being considered for Tesla Motors' massive Gigafactory, and while CEO Elon Musk is still reportedly trying to make a decision on that location, Texas did manage to win SpaceX's first commercial launchpad in the meantime. 

According to Gov. Rick Perry (R-Texas), the state of Texas is paying $2.3 million USD from the Texas Enterprise Fund to bring SpaceX's launchpad—which is the world's first commercial launchpad—to the state.