Lawmakers in Texas declined to give SpaceX control over a main highway and public beach near its Starbase launch site in Boca Chica, according to CNBC. The company is awaiting results from a pivotal election that could turn the area into an incorporated city. On Monday, the Texas House State Affairs Committee rejected legislation that would have expanded SpaceX’s local authority if the vote to create “Starbase, Texas” passes. SpaceX has routinely closed roads and beaches near Starbase for rocket tests, requiring permission from Cameron County officials.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Lawmakers in Texas declined to give SpaceX control over a main highway and public beach
00:07near its Starbase launch site in Boca Chica, according to CNBC.
00:11Companies awaiting results from a pivotal election that could turn the area into an incorporated city.
00:16On Monday, the Texas House State Affairs Committee rejected legislation
00:19that would have expanded SpaceX's local authority if the vote to create Starbase Texas passes.
00:25SpaceX has routinely closed roads and beaches near Starbase for rocket tests,
00:30requiring permission from Cameron County officials.
00:32For all things money, visit Benzinga.com slash GSTV.