Bastrop, Texas — According to state and local development sources, SpaceX plans to invest $280,000,000.00 to build out new space in Bastrop. The company is creating 400 new jobs at this facility. The company plans to occupy the new space in Bastrop, on or about March 1, 2027. According to the company website SpaceX designs, manufactures and launches the worlds most advanced rockets and spacecraft. The company was founded in 2002 by Elon Musk to revolutionize space transportation, with the ultimate goal of making life multiplanetary. SpaceX has gained worldwide attention for a series of historic milestones. It is the only private company ever to return a spacecraft from low-Earth orbit, which it first accomplished in December 2010. The company made history again in May 2012 when its Dragon spacecraft attached to the International Space Station, exchanged cargo payloads, and returned safely to Earth a technically challenging feat previously accomplished only by governments. Since then Dragon has delivered cargo to and from the space station multiple times, providing regular cargo resupply missions for NASA.

To learn more about SpaceX, visit http://www.spacex.com/

Company Contact:
Gwynne Shotwell, Chief Operating Officer
310-363-6000

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