Posted: Tue, Aug 5, 2014, 9:10 AM ET (1310 GMT)
SpaceX will establish a commercial launch site on the coast of the Gulf of Mexico near Brownsville, Texas, confirming long-held plans. Texas Governor Rick Perry said that SpaceX will establish the launch site on Boca Chica Beach, east of Brownsville, contingent on final approval of local agreements and required permits. The state is providing $15 million in funds to support the development of the launch site. SpaceX had long indicated that the Brownsville site was their preferred choice for a new launch facility designed primarily for commercial launches. The announcement didn't give a timeline for developing the facility. The FAA last month gave environmental approval for the proposed launch site.

Related Links:

•  Rio Grande Valley Morning Star article
•  Houston Chronicle article
•  Bloomberg News article
•  Wall Street Journal article
•  Texas Gov. Rick Perry press release