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Saturday, April 10, 2021

Waco officials vote $1.5 million for SpaceX expansion

WACO, Texas (AP) — Waco city officials have voted to contribute $1.5 million in economic development funds toward expanding the SpaceX rocket-making plant in nearby McGregor.

Hawthorne, Calif.-based Space Exploration Technologies Corp. has plans to spend $46 million on an expansion that would create 300 new full-time jobs.

 

McLennan County commissioners are to vote later this month on providing an additional $1.5 million in economic development funds.

 

Since 2003, SpaceX has used land in McGregor’s industrial park for research and rocket testing. The company recently expanded its lease from 922 acres to 4,280 acres.

 

Owned by billionaire entrepreneur Elon Musk, SpaceX has become a major player in private rocketry by hauling supplies to the International Space Station and placing communications satellites in orbit.

 

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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