00:00It's Benzinga bringing Wall Street to Main Street.
00:02Lawmakers in Texas declined to give SpaceX control over a main highway and public beach
00:07near its Starbase launch site in Boca Chica, according to CNBC.
00:11Companies awaiting results from a pivotal election that could turn the area into an incorporated city.
00:16On Monday, the Texas House State Affairs Committee rejected legislation
00:19that would have expanded SpaceX's local authority if the vote to create Starbase Texas passes.
00:25SpaceX has routinely closed roads and beaches near Starbase for rocket tests,
00:30requiring permission from Cameron County officials.
00:32For all things money, visit Benzinga.com slash GSTV.
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