Texas Gov.-elect Gina Hinojosa (D-TX) has asked the state's parks department to hold off on a proposed sale of state land to SpaceX until she takes office, contacting the department's executive director before she is sworn in this January. The move puts part of Elon Musk's expansion plans in South Texas on hold.
Texas Governor-elect Gina Hinojosa speaks after election. (AP Photo/Eric Gay)Hinojosa won the governorship this week as Democrats swept the statewide races in Texas, a result that put the state's relationship with Musk and his companies in question. Musk relocated several of his businesses to Texas in recent years, and he has close ties to President Donald Trump and outgoing Gov. Greg Abbott (R-TX).
Investors reacted the morning after the vote. Tesla and SpaceX each fell nearly 6% in premarket trading on Wednesday. Musk had spent heavily to prevent that outcome. The billionaire, one of the Republican Party's largest donors, had given more than $445 million to Republican candidates and causes this cycle and urged his followers on X to vote against Democrats. About $190 million of it went into Ken Paxto
