TLDR · BIG TECH & STARTUPS

SPACEX IS SET TO ACQUIRE 130,000 ACRES OF MARSHLAND IN SOUTHERN LOUISIANA

arstechnica.com4 min read

Summary from the TLDR newsletter

SpaceX is close to finalizing a deal to acquire about 130,000 acres along the northern coast of the Gulf of Mexico. The deal is expected to be officially announced later this month. The site, known as Pecan Island, is an 18-mile stretch of marshland. It became available as part of a legal settlement that resolved dozens of lawsuits blaming ExxonMobil for pollution and coastal land loss.