Main Engine Cut Off

SpaceX and the California Launch Tax

Debra Werner, SpaceNews, had a nice rundown of the proposed regulation, which ends with this bit:

California’s FTB plans to hold a June 16 hearing on the regulation, which pertains to any company that obtains at least 50 percent of its gross receipts from space transportation services.

Interesting to think that if SpaceX’s constellation ambitions even approach their projections, they’d be exempt from this regulation within a decade.