Abbott backs $17M Musk buildout

BASTROP — Elon Musk’s footprint in Bastrop County is positioned to continue its growth with more state funding, Gov. Greg Abbott announced last week.

According to a March 12 statement, Musk’s Space Exploration Technologies Corporation, or SpaceX, has been extended $17.3 million from the Texas Semiconductor Innovation Fund to expand its semiconductor research, development and advanced packaging facility.

The fiscal boost is expected to create more than 400 jobs and bring over $280 million in capital investment, according to the governor.