Governor Greg Abbott celebrated the decision by SpaceX to dual-list its shares on both the Nasdaq and the newly established Nasdaq Texas stock exchange. According to a June 15 press release from his office, the move marks a milestone for the Texas economy and the state’s growing reputation as a global hub for the aerospace and technology sectors.
The Governor said that the dual listing shows the strength of the Texas business climate and the state’s commitment to fostering innovation and corporate growth. SpaceX, which maintains a large launch and development facility in South Texas known as Starbase, joins a growing list of major corporations utilizing the Texas-based exchange.
Abbott said that the integration of Nasdaq Texas into the global financial market provides a competitive platform for companies looking to leverage the state’s unique economic advantages, including its lack of a state income tax and streamlined regulatory environment.
The partnership between SpaceX and Nasdaq Texas will drive further investment and job creation across the state, according to Abbott. He said that the presence of such high-profile companies on the local exchange solidifies Texas’ position as the premier destination for the future of space exploration and commercial enterprise.