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groundloop

(11,710 posts)
Mon May 13, 2024, 11:11 AM May 13

Musk's SpaceX is quick to build in Texas, slow to pay its bills

This discussion thread was locked as off-topic by Lasher (a host of the Latest Breaking News forum).

Source: Reuters

SpaceX is building launch facilities, office buildings and even a shopping center in rural Texas, as billionaire Elon Musk's space venture rapidly expands its rocket and satellite business across the Lone Star state.

But a Reuters review of Texas property records shows that SpaceX and its contractors can be far slower to pay builders and suppliers than they are to break ground. Unpaid bills and finger-pointing among contractors, Reuters found, have led many construction-industry businesses to file liens against SpaceX properties in efforts to get compensated.

The result, several of those businesses told Reuters, is a reluctance to work on SpaceX-related projects again. "If they were to call me today, I'd tell them to fuck off," said Brian Rozelle, an owner of Hydroz Energy Services LLC.

The excavating business was hired by SpaceX to clear storm drains at a facility near Brownsville, the south Texas city where much of the company's development has taken place. Until about two weeks after Hydroz filed a lien last June – months after it had performed the work – SpaceX didn't pay its $19,214 bill.

Read more: https://www.reuters.com/technology/space/musks-spacex-is-quick-build-texas-slow-pay-its-bills-2024-05-13/



According to the article there have been 72 liens filed against SpaceX since 2019.
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Musk's SpaceX is quick to build in Texas, slow to pay its bills (Original Post) groundloop May 13 OP
The Trump Business Model at work. Midnight Writer May 13 #1
an accidental drop of concrete into muck's driveway Traurigkeit May 13 #2
Who is surprised by this? LetMyPeopleVote May 13 #3
Seems billionaires don't like to pay they bills. republianmushroom May 13 #4
That's how they become billionaires ArkansasDemocrat1 May 13 #6
More billionaire dead beats... jvill May 13 #5
Trumpie 2.0 PortTack May 13 #7
Locking. Lasher May 13 #8

Midnight Writer

(22,285 posts)
1. The Trump Business Model at work.
Mon May 13, 2024, 11:24 AM
May 13

Make exaggerated claims, announce extravagant projects, refuse to pay builders and suppliers, laugh all the way to the bank.

Traurigkeit

(1,181 posts)
2. an accidental drop of concrete into muck's driveway
Mon May 13, 2024, 12:01 PM
May 13

LetMyPeopleVote

(148,972 posts)
3. Who is surprised by this?
Mon May 13, 2024, 12:49 PM
May 13

republianmushroom

(15,334 posts)
4. Seems billionaires don't like to pay they bills.
Mon May 13, 2024, 02:30 PM
May 13

ArkansasDemocrat1

(1,749 posts)
6. That's how they become billionaires
Mon May 13, 2024, 03:19 PM
May 13

jvill

(246 posts)
5. More billionaire dead beats...
Mon May 13, 2024, 02:50 PM
May 13

PortTack

(33,323 posts)
7. Trumpie 2.0
Mon May 13, 2024, 06:03 PM
May 13

Lasher

(27,860 posts)
8. Locking.
Mon May 13, 2024, 07:15 PM
May 13

We think this is analysis.

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