SPACEX: The contract with the Industrial Development Board of Vermilion Parish, SpaceX agreed to job penalties for Starbase Louisiana. - The job clock starts at least 12 months after all launch-pad permits are issued. - Required full-time jobs rise from 18 in year one to 3,000 from year 10 on. - Jobs count only if they pay at least 150% of average state wages. - Transfers from other states count. Local hiring is not required. - If SpaceX misses a target for two straight years, the penalty is the percentage shortfall times 1.8 times that year’s tax savings. - A miss of more than 50% requires repayment of the full annual savings. The deal is estimated to save SpaceX $23.8 billion in property taxes over 25 years. The parish is to receive about $25 million a year, plus 2% annual increases and a $20 million payment within 90 days of signing. I do not think SpaceX is going to have any issues on meeting these goals. More SpaceX news in today's EC below!