Victor Ortega BROWNSVILLE – Interested investors may soon fuel SpaceX’s Starbase growth as the company aims to increase its capital by going public in the summer.
Evaluated by their own investors at over a trillion dollars, the aerospace giant filed to open their shares to the public earlier this month.
Siamak Javadi, finance associate professor, said with millions of potential investors on the horizon, SpaceX sites such as the launch facility in Starbase could grow and expand.
“It will kind of make it, you know, in kind of a microcosm of an economy, for lack of a better word,” Javadi said.
He said this could be the start of an economic boom in the region, as the aerospace-adjacent industries arrive to Cameron County.
A downside Javadi points to is gentrification, as real estate values might continue to rise within the Brownsville area.
“So a lot of people will unfortunately get priced out,” Javadi said. “That’s just the reality. I believe it’s going to happen.”
Companies start its lifecycle as private entities owned by a limited number of shareholders.
When there is a desire to grow, companies can open its shares to the market for everyday to investors to purchase.
KVAQ-TV reached out to SpaceX for a comment but did not hear back.
