Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Musk’s SpaceX sues California panel, alleges political bias over rocket launches

by
October 16, 2024
in Stock
0
Musk’s SpaceX sues California panel, alleges political bias over rocket launches

By Mike Scarcella

WASHINGTON (Reuters) -Billionaire Elon Musk’s SpaceX has sued a California commission in federal court, accusing panel members of political bias in blocking the space venture company from increasing the number of rockets it launches from a U.S. air base in the state.

    SpaceX sued the California Coastal Commission on Tuesday in Los Angeles, seeking an order that would bar the agency from regulating the company’s workhorse Falcon 9 rocket launch program at Vandenberg Space Force Base in Santa Barbara.

    The lawsuit claimed the commission, which oversees use of land and water within the state’s more than 1,000 miles of coastline, unfairly asserted regulatory powers over the company’s launches based on a disapproval of Musk’s political views and not environmental considerations.

The agency, at its Oct. 10 meeting, had said commercial space launches are not federal government activity and must submit to the commission’s coastal development permitting authority.

The commission on Wednesday declined to comment.

SpaceX and its lawyers at the law firm Venable did not immediately respond to requests for comment.

Musk, whose politics have taken a sharp right turn, has endorsed Republican presidential candidate Donald Trump and become a mega donor, campaigning for the former president and saying he would accept a role in Trump’s administration if he wins.

California, home state of Trump’s Democratic rival, Vice President Kamala Harris, has shifted to a solidly Democratic state in recent decades with the party holding statewide offices and throwing its weight behind Democratic candidates in national elections.

One commissioner on the 12-member coastal panel recently accused Musk, who has increasingly asserted his voice in the U.S. presidential race, of “spewing and tweeting political falsehoods.”

SpaceX, which contracts with the U.S. government on satellite deployment and other payloads, has launched Falcon 9 rockets from the central California air base since 2013. The company launched 28 Falcon 9 rockets last year.

The Air Force had proposed increasing the number of SpaceX annual launches from 36 to 50. The Air Force said the proposal met California coastal agency requirements including sonic boom minimization measures and biological monitoring.

The commission voted 6 to 4 to block the requested additional SpaceX launches. Some commission members expressed concern about Musk as a business leader and how much SpaceX activity at the site was commercial rather than government activity.

Musk’s lawsuit called any consideration of his public statements improper, violating speech rights protected by the U.S. Constitution.

It also accused the commission of “unconstitutional overreach,” intruding on national security and other federal interests, and said launches at the base have had “no significant effects on coastal resources.”

    “Rarely has a government agency made so clear that it was exceeding its authorized mandate to punish a company for the political views and statements of its largest shareholder and CEO,” it said.

This post appeared first on investing.com
Previous Post

Coinbase stock volatility to rise in coming months, Citi warns

Next Post

Supreme Court clears way for Biden’s plan to cut power plant emissions

Next Post
Supreme Court clears way for Biden’s plan to cut power plant emissions

Supreme Court clears way for Biden’s plan to cut power plant emissions

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Trump wants to visit China again after he takes office: report

    Trump wants to visit China again after he takes office: report

    January 19, 2025
    Trump inauguration: Who is expected to attend, and who is boycotting?

    Trump inauguration: Who is expected to attend, and who is boycotting?

    January 19, 2025
    The Best Five Sectors, #3

    The Best Five Sectors, #3

    January 19, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Trump wants to visit China again after he takes office: report
    • Trump inauguration: Who is expected to attend, and who is boycotting?
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved