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Futurism

SpaceX Stock Has Officially Fallen All the Way Down to the Low $170s SpaceX Stock Had Quite a Bad Night Wall Street Terrified That SpaceX Investors Will Dump Their Stocks SpaceX Stock Now in Rapid Decline SpaceX Stock Has Now Started to Fall Scientists Propose That Entire Universes Can Form Inside Collapsing Stars NASA Loads Moon Rocket onto Giant Trump-Branded Train SpaceX’s IPO Shows That We Aren’t Even Close to Peak AI Bubble The More Data We See About SpaceX’s IPO, the More We’re Wincing Scientists Discover Fearsome Wind That Destroys Entire Galaxies NASA’s Next Moon Mission Is a Rube Goldberg Machine of Corporate Failure Points Scientists Release Results After Scanning 3I/ATLAS for Alien Signals The Math on SpaceX’s IPO Is Virtually Impossible Astronomers Say Star Self-Destructed So Catastrophically That It Left Behind No Trace of Its Existence Catholic Church Boots Exorcist After He Said UFOs Are Demons NASA’s James Webb Discovers That 3I/ATLAS Let One Rip as It Passed Through Solar System Scientists Find Chunk of Lost Planet in Desert It’s Possible That SpaceX Could Collapse Spectacularly ISS Astronauts Ordered to Enter Evacuation Mode SpaceX Is Massively Overvalued Ahead of Its IPO, Analysts Find Paper Claims the “Asteroid” Japan’s Probe Is Approaching Is Actually a Derelict Spacecraft Trump Shovels $4 Billion Directly to Elon Musk, Who Spent a Fortune Getting Him Elected Scientists Say They’ve Cracked Mystery Behind a Dozen Strange Signals From Deep Space Scientists Spot What Appears to Be a Ring-Shaped “Planet Factory” Deep Out in Space Scientists Say They’ve Found Fungi That Turn Dead Martian Soil Into Fertile Cropland The Blue Moon Is Fake. You Are Being Deceived Jeff Bezos’ Rocket Explodes Into Mushroom Cloud, Dealing Massive Blow to NASA’s Moon Plans Elon Musk Furious at Starlink Being Used for American Suicide Drones NASA Releases Sweeping Plans for Moon Base Scientist Suggests That 3I/ATLAS May Have Seeded Life as It Careened Through Our Solar System
Eighty Residents Sue SpaceX, Saying Elon Musk’s Constant ...
Joe Wilkins · 2026-06-13 · via Futurism

Photograph of a SpaceX Falcon 9 rocket taking off.

Chandan Khanna / AFP via Getty Images; Futurism

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The 22,000-some employees of Elon Musk’s SpaceX enjoy their very own company town, complete with subsidized housing, corporate medical clinic, and even an employee-only gastropub. While the development is apparently successful at courting eager SpaceX staffers, locals living just outside this billionaire-funded Garden of Eden are considerably less starstruck.

According to reporting by Reuters, SpaceX is now facing a class-action lawsuit filed by 80 residents of neighboring towns, as the company’s constant barrage of rocket launches — specifically the earth-shattering rumbles they produce — physically eats away at their homes.

One plaintiff who chose to remain anonymous showed Reuters her home in Port Isabel, Texas — less than 6 miles away from Starbase as the crow flies. Per the news publication, it was in a clear state of deterioration, with cabinets that no longer sit evenly, doors that won’t close, and warped flooring after a major waterline burst during a particularly tumultuous rocket launch.

Altogether, the plaintiff claims it will take some $100,000 to repair the home’s foundation, which would exceed its current value. “They’re wanting to get to Mars,” the woman said. “But what about us that are here? I’m here now. And nobody is thinking about us.”

The class-action lawsuit alleges this kind of damage has occurred across dozens of households living next to SpaceX’s numerous launch pads. Together, the 80 plaintiffs accusing the company of negligence, gross negligence, and trespass based on the Commercial Space Launch Act of 1984, which grants the Secretary of Transportation power to terminate or suspend commercial rocket launches “if it is determined that such operations are detrimental to the public health and safety” of US citizens.

On top of physical damage to homes and property, poor and working-class residents have suffered as the influx of SpaceX cash has drastically inflated the cost of housing for both homeowners and renters alike. According to a review by Moneywise, the price of an average house in Cameron County — where Starbase is located — has skyrocketed from $131,000 in 2014 to over $281,000 in 2026.

Even for those who can pay the higher cost of living, Starbase is threatening the quality of life, for example by hoovering up land previously used by the county’s residents for recreation. As resident Rene Medrano told ABC in a 2025 interview, Starbase has now all but ruined Boca Chica Beach, a public-access area once beloved by locals.

“It was called a poor man’s beach because you didn’t have to pay anything to go to the beach other than just get in your car, get in your truck, round up the neighbors, round up the cousins, round up the aunts and uncles and let’s go have fun,” Medrano said. “And to see now the way it is… it’s just, disheartening is what it is.”

More on SpaceX: SpaceX Announces Plans to Put Billionaire on First Rocket to Mars