Will SpaceX Fortunes Trickle Down to This Texas Town?

Article excerpt

Elon Musk's sprawling SpaceX complex near Bastrop, Texas, a town of 14,000, has made the company a dominant local presence. Now that SpaceX is going public in a historic initial offering, residents are asking whether the aerospace giant's success will translate into economic benefits for their community. The question hinges on whether job creation, tax revenue, and investment will materialize locally, or whether the wealth stays concentrated at the corporate level. Bastrop has experienced boom-and-bust cycles before, making locals cautious optimists about what a major IPO might bring.