
SpaceX wins federal approval to launch more rockets in South Texas
McALLEN — The Federal Aviation Administration will allow SpaceX to launch rockets in South Texas up to 25 times per year, a significant increase from the five launches the company was previously licensed to complete annually.
The FAA approved some modifications for the Starship Flight 9, the company's next rocket, stopping short of full approval for a launch, it was announced Thursday.
The news is the latest development for Elon Musk's space company, which has used the Rio Grande Valley beach to test its rockets since 2013.
Earlier this month, residents near the SpaceX launch site — largely SpaceX employees — voted to incorporate their neighborhoods into a new city, Starbase. Cameron County is expected to sign the order to officially incorporate the city on Tuesday.
Musk is also expected to be in South Texas next week.
"I will give a company talk explaining the Mars game plan in Starbase, Texas, that will also be live-streamed on X," Musk wrote on his social media platform.
SpaceX cannot move forward with its ninth test flight until the FAA allows it to resume test flights following the mishap of Starship Flight 8 on March 6. The launch test ended with the destruction of the starship vehicle about 10 minutes after launch. An investigation into the mishap is ongoing.
Because of that mishap, the FAA is expanding the aircraft and maritime hazard areas in the U.S. and other countries. The safety measure is also because SpaceX will be reusing a previously launched Super Heavy booster rocket for the first time.
Last week, the FAA paved the way for an increase in launches, finding in an environmental assessment that there would be no significant environmental impacts caused by allowing SpaceX to increase launches at their Boca Chica site from five to 25 times per year.
The environmental assessment looked at potential impacts to air quality, climate, noise, land use, water, wildlife, natural resources and energy supply, among other factors.
The FAA released drafts of their environmental assessment last year and held public meetings in Cameron County to allow the public to voice their concerns.
Local environmental and indigenous groups attended those meetings and held demonstrations in opposition to the launches, citing seismic activity that shook people's homes, illegal dumping on Boca Chica beach, the destruction of wildlife habitat and the failure to consult with the Esto'k Gna Tribal Nation, who are native to the area.
Reporting in the Rio Grande Valley is supported in part by the Methodist Healthcare Ministries of South Texas, Inc.
First round of TribFest speakers announced! Pulitzer Prize-winning columnist Maureen Dowd; U.S. Rep. Tony Gonzales, R-San Antonio; Fort Worth Mayor Mattie Parker; U.S. Sen. Adam Schiff, D-California; and U.S. Rep. Jasmine Crockett, D-Dallas are taking the stage Nov. 13–15 in Austin. Get your tickets today!
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
39 minutes ago
- Yahoo
Trump's Bill Would End EV Subsidies: Could This Kill Tesla?
Tesla's capital advantage keeps the business safe for now. But eliminating EV tax credits could have a surprising effect on competition. These 10 stocks could mint the next wave of millionaires › Billionaire Elon Musk is fighting to make sure federal tax incentives for electric vehicles (EVs) -- a key subsidy that makes buying EVs more affordable -- remain in place. President Donald Trump's new bill seeks to eliminate these tax incentives, which would otherwise be in place until 2032. Musk's company Tesla (NASDAQ: TSLA) has already seen sales struggle to grow across many key geographies. Deliveries last quarter fell by 32% quarter over quarter, and by 13% year over year. Could the elimination of EV tax credits be a lethal blow to the struggling automaker? You might be surprised by the answer. When it comes to potential regulation "killing" an operating business like Tesla, the first thing investors must consider is the effect on sales growth. Already, demand growth has been stagnating for Tesla. And while the company has teased new potential revenue sources like its robotaxi venture, there aren't many high-visibility milestones ahead that will meaningfully boost revenue over the next year or two. Analysts expect the company to refresh its existing lineup, but details are scarce on releasing any brand new models in 2025 or 2026. Even if a new model is released, it's unlikely that production will scale meaningfully over the next 12 to 24 months. Where does this leave Tesla over the near term? In the same position it is in today, attempting to stoke demand for an increasingly stale lineup. Making the company's vehicles $4,000 to $7,500 more expensive -- the range of Federal incentives that Trump is proposing to eliminate -- could ultimately accelerate sales declines for Tesla. Any potential demand boost from releasing a more affordable Model Y or Model 3, meanwhile, could be completely offset by eliminated tax credits, resulting in minimal net savings for customers. In return, Tesla may need to compress its profit margins in order to keep demand growth on track. Fortunately, Tesla has the capital to withstand a multiyear stagnation in sales growth. It has $16 billion in cash and equivalents on the books, more than every other competitor. Its profit margins are also positive -- a rarity in the EV world -- meaning it can afford to cut profits a bit without going into the red. Though it should be mentioned that Tesla has also relied on selling automotive regulator credits -- earned by selling carbon-free vehicles -- to maintain profitability. The company earned $595 million last quarter by selling these credits versus a net income of $409 million. But most of this "free" income from selling credits comes from states like California and New York, as well as incentive programs in the E.U., making them unlikely to be cut should U.S. federal incentives change. Still, Tesla's biggest advantage is its $1 trillion market cap. Tesla could easily double the cash levels on its balance sheet while diluting shareholders by just 1% to 2%. This makes it very unlikely for the company to go under anytime soon. In fact, the elimination of EV tax credits could be a secret win for Tesla. Many investors might be surprised to learn that ExxonMobil wishes for a carbon tax to be implemented. A carbon tax would make its output more expensive to buyers, potentially limiting demand. But if production costs rise, it's possible that many small competitors can't compete, leaving more of the market for well-capitalized behemoths like Exxon. The same may prove true for Tesla. Most of its EV competition comes from unprofitable companies with minimal room for error like Rivian and Lucid Group. These EV makers are roughly 99% smaller than Tesla, with limited ability to tap the market for more capital at will. The elimination of EV tax credits would hurt them more than Tesla, potentially leaving more long-term market share for Musk and his investors. Of course, the immediate effect will be negative for Tesla and the rest of the industry. But it should be stressed that bills are not laws. The EV tax credit may end up in place until 2032 like previously planned. But the elimination of these subsidies certainly won't "kill" Tesla. In fact, there's an argument that it could be a long-term advantage due to lessened competition. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $368,190!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,294!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $653,702!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Trump's Bill Would End EV Subsidies: Could This Kill Tesla? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
44 minutes ago
- Yahoo
Every Tesla Investor Should Keep an Eye on These 2 Numbers
Federal tax credits for electric vehicles could soon be eliminated. Another critical federal program is also at risk. These changes would only add to the mounting problems for Tesla. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) has long been a volatile stock, but it's also become a very controversial name in recent months. Shares trade at a pricey valuation with a market cap of roughly $1 trillion, fueled by the promise of greater electric vehicle sales and a potential new robotaxi business. Yet sales growth for the company is struggling across many key geographies with CEO Elon Musk often making headlines for all the wrong reasons. If you're monitoring Tesla stock, here are two numbers you need to be tracking. A recent bill backed by President Donald Trump proposes eliminating tax credits for electric vehicles. These tax credits range from $4,000 to $7,500 for qualified vehicles. Right now, more than 90% of Tesla's sales come from just two models: The Model 3 and Model Y. Both qualify for federal tax credits, making them much more affordable for buyers. Surveys show that more than one-third of Tesla buyers wouldn't have purchased their vehicle without a tax credit. Monitor what happens to these figures closely. Will federal incentives drop to $0, or will they be reduced significantly? The fate of these tax credits is very unclear right now, but their elimination would likely further dampen Tesla's sales growth in the quarters and years to come. As troubling as the loss of the EV tax credit would be, there's another number to track that could be even more influential. Last quarter, Tesla posted a $409 million net profit. That profit was partially realized by $595 million in automotive regulatory credits -- accrued credits that Tesla sells to competitors that need to comply with emission standards. Most of these credits are likely earned under state programs, but some are generated from federal programs. If these programs are cut, Tesla will lose a critical revenue source with nearly 100% profit margins. With EV deliveries already declining, the loss of federal EV tax credits or automotive regulatory credits could put Tesla in an even more precarious position. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $368,190!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,294!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $653,702!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Every Tesla Investor Should Keep an Eye on These 2 Numbers was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Tesla, Inc. (TSLA): 'I Would Neverrrr Sell Tesla In This,' Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other stocks that Jim Cramer discusses. Pixabay/Public Domain Tesla, Inc. (NASDAQ:TSLA) is the world's largest pure-play electric vehicle manufacturer and a frequent feature of Cramer's morning show. Even though the firm's shares have been highly volatile in 2025, Cramer has been a believer most of the time. However, after frictions between Elon Musk and President Trump last week, Cramer took a cautious stance and wondered if holding on to Tesla, Inc. (NASDAQ:TSLA)'s shares was worth it. However, his latest discussion on Squawk on the Street saw him reverse the stance, much to the surprise of his co-hosts David Faber and Carl Quintanilla: 'We got a lot of downgrades and they, it physically stuck, it didn't go down and then it went up ten percent. I'll give you a good example. Guggenheim has a Sell on it today. If I crossed out the word Sell and read it, I would be buying. I mean it's that positive. It's about Robotaxi and it's about the total addressable market and initially Tesla won't do that well. But I've gotta tell you, I would neverrrr sell Tesla in this. And then Piper Sandler with just a few bullet points about why it's going to be fantastic. Driver-less Tesla's have been spotted in Austin. Of course he's walked back when it's going to be, but I continue to believe that you've got to own the stock. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.