SpaceX to Drill for Natural Gas Near Texas Starship Development Site

It's a development that was unexpected even for the frequently surprising Elon Musk. As reported by Bloomberg, the Tesla Motors (NASDAQ: TSLA) CEO's SpaceX revealed in a regulatory hearing that it plans to drill for natural gas near its Boca Chica spacecraft development facility in the southeast corner of Texas, near Brownsville.

In the hearing, conducted by the Railroad Commission of Texas and aimed at helping resolve a dispute, attorney Tim George said that SpaceX will utilize the methane extracted from its efforts "in connection with their rocket facility operations." No further details were immediately available. George represents Lone Star Mineral Development, the SpaceX subsidiary formed last June that will be responsible for the drilling.

Image source: Getty Images.

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Source Fool.com