Key facts
- SpaceX received a 100% property tax exemption for a planned factory in Texas.
- The company is targeting a valuation of $1.77 trillion.
SpaceX, a leading aerospace manufacturer, has been granted a 100% property tax exemption for a new factory it intends to build in Texas. This significant tax incentive is part of the company's broader strategy as it aims for a valuation of $1.77 trillion. The exemption is expected to support SpaceX's expansion and operational development within the state.