SpaceX is launching a new mission: making its Starbase site a new Texas city. View on euronews

SpaceX and Tesla CEO Elon Musk has announced plans to turn SpaceX's Starbase site in South Texas into an official city. Musk took to social media platform X to announce the development, saying, "SpaceX HQ will now officially be in the city of Starbase,

Ready, set, launch. Elon Musk’s SpaceX is trying to make its south Texas launch site into a new, fully incorporated city. In a letter sent Thursday to local officials, the company called for a local election to turn Starbase,

He changed his own residence in 2021 from California to Texas, where there is no state income tax on individuals.

Billionaire Elon Musk ‘s company on Thursday sent a letter to local officials requesting an election to turn what it calls Starbase -the South Texas site where SpaceX builds and launches its massive Starship rockets- into an incorporated city. Residents of the area known as Starbase submitted the petition, according to the company.

SpaceX is bidding to transform its South Texas Starship launch site, known as Starbase, into an incorporated city.

The latest round of share sales by employees values Elon Musk's SpaceX at about double what it was worth only 12 months ago.

Tesla CEO Elon Musk’s net worth crossed $400 billion today, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX.