Musk's SpaceX is quick to build in Texas, slow to pay its bills

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Musk's SpaceX is quick to build in Texas, slow to pay its bills
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Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason - SpaceX is building launch facilities, office buildings and even a shopping center in rural Texas, as billionaire Elon Musk's space venture rapidly expands its rocket and satellite business across the Lone Star state.

Reuters couldn't determine for every lien whether outstanding bills were owed by SpaceX or by one of its contractors who commissioned work or materials on its behalf. Musk, one of the world's richest people and best-known entrepreneurs, has been accused of failing to pay creditors before. After his 2022 purchase of the social media platform Twitter, now known as X, he faced a wave of lawsuits from contractors alleging unpaid bills. Many have since been settled.For SpaceX, the roughly $2.5 million in liens is tiny compared with the size of its business.

Near the mouth of the Rio Grande and next to the Gulf of Mexico, Boca Chica soon became a hub for SpaceX rocket launches. It built a launch pad for its Starship rocket system, taller than the Statue of Liberty, and new buildings related to rocket manufacturing. To understand the extent of the claims against SpaceX by Texas construction businesses, Reuters reviewed liens filed over the past five years in Cameron, Bastrop and McLennan counties, where most of the company's recent developments have been built.

GC Steel & Accessories LLC, a family-owned company near Brownsville, has been waiting more than 18 months for payment after supplying steel bars and other materials for SpaceX rocket facilities.

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