Elon Musk’s SpaceX compound in South Texas has officially become a city named Starbase, according to ABC News. Starbase was officially approved as a city by a 212 to 6 vote among local residents, most of whom are SpaceX employees, according to Cameron County election results. Starbase is the launch site for missions under NASA and Department of Defense contracts, and SpaceX is seeking to raise its annual launch cap from five to 25. Supporters cite job creation, while critics warn of increased corporate control, especially over public beach access.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk's SpaceX compound in South Texas has officially become a city named Starbase,
00:06according to ABC News.
00:08Starbase was officially approved as a city by a 212-6 vote among local residents.
00:13Most of them were SpaceX employees, according to Cameron County election results.
00:17Starbase is the launch site for missions under NASA and Department of Defense contracts,
00:21and SpaceX is seeking to raise its annual launch cap from 5 to 25.
00:26It's border site job creation, while critics warn of increased corporate control
00:29especially over public beach access.
00:32For all things money, visit Benzinga.com slash GSTV.