Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the most promising future stocks to buy right now. Reuters reported on June 25 that, according to county filings, Space Exploration Technologies Corp. (NASDAQ:SPCX) has plans to begin building an eight‑mile (13-km) natural gas pipeline called “Starpipe” to its Texas launch facilities next month. The announcement comes against a backdrop featuring the company’s efforts to ramp up launches of its next‑generation Starship rocket. It further reported that, according to a document filed last month with the Texas Railroad Commission by SpaceX affiliate Lone Star Mineral Development and reviewed by Reuters, Starpipe will end at the company’s Texas company town of Starbase, and is anticipated to be in service by January 26.
Starship is designed to be fully reusable and uses around 630,000 gallons (2.4 million liters) of liquid methane per launch, which is delivered at present by hundreds of tanker trucks in an hours-long process incompatible with Musk’s expansion plans. Reuters further reported that Space Exploration Technologies Corp. (NASDAQ:SPCX) did not respond to its request for a comment.
Space Exploration Technologies Corp. (NASDAQ:SPCX), operating as SpaceX, is an aerospace manufacturer that also operates as a satellite communications company and launch service provider. It is involved in the design, manufacture, launch, and operation of products and services that are built on cutting-edge technologies, including spacecraft and rockets.
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https://finance.yahoo.com/energy/articles/spacex-spcx-build-eight-mile-195553911.html
