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SpaceX News: SpaceX Invests $3 Billion In Starship Development

September 27, 2024

SpaceX Unicorn News - September 27, 2024

SpaceX has disclosed a $3 billion investment in the development of the Mars-bound Starship rocket, with over $1 billion spent in Texas. The Starship is designed to launch over 150 metric tons to Earth orbit, highlighting its capabilities and strategic importance.

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( 00:00:32 ) SpaceX Discloses Investment Figures in Mars-Bound Starship Project

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SpaceX's Chief Operating Officer, Gwynne Shotwell, testified before the Texas Appropriations Committee for the Texas Space Commission, revealing that SpaceX has invested approximately $3 billion in the development of the Starship rocket and its associated facilities. Over $1 billion of this investment was made in Texas within the past year. Shotwell highlighted the Starship's capability to launch over 150 metric tons to Earth orbit and underscored the strategic importance of the Starbase facility in Texas, which serves as a unique site for the manufacturing, testing, and launching of their advanced rockets.

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