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Elon Musk's SpaceX plans natural-gas drilling in Texas: report

Dow Jones2021-01-23

MW Elon Musk's SpaceX plans natural-gas drilling in Texas: report

Elon Musk's Space Exploration Technologies Corp., or SpaceX, has plans to drill for natural gas in Texas, Bloomberg reported chief executive, tweeted that he'd donate $100 million toward "the best" carbon-capture technology. Musk announced last year he had moved to Texas, where Tesla is building a factory outside the capital Austin. According to news reports this week, SpaceX, also through Lone Star Development unit, also recently bought two oil rigs, likely to convert them to support SpaceX's programs.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

 

$(END)$ Dow Jones Newswires

January 22, 2021 17:14 ET (22:14 GMT)

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  • 洛无极
    ·2021-01-23
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