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Futurism

SpaceX Investors Are Lamenting All the Money They've Lost SpaceX Plunges to All-Time Low After Competitor Makes Major Leap Elon Musk Says His Goal Is for SpaceX to Be Worth More than the Entire Earth China Is Catching Up With SpaceX Fast, Landing First Reusable Rocket Booster on Offshore Platform If You Thought SpaceX Stock Was Doing Badly Before, Now It's Really Tanking Elon Musk Is Charging Starlink Customers Gigantic Bogus Fees Because Its Network Is Being Crushed by "High Demand" The Problem With SpaceX's Secret "AI Device" SpaceX Investors Are Having Another Brutal Day Anybody Who Thinks Orbital Data Centers are a Good Idea Is Suffering from AI Psychosis, Experts Argue NASA Has a Major Problem Threatening Its Entire Moon Plans SpaceX Stock Has Fallen So Far That Elon Musk Is No Longer a Trillionaire SpaceX Launches Secretive New Spacecraft Shaped Like Flying Saucer SpaceX Stock Has Officially Fallen So Far That It's Below Where It Started Tech Stocks Are Abruptly Collapsing SpaceX Just Had Its Worst Day of Trading Yet Musk Furious After SpaceX Stock Gets Worst Possible Report Card SpaceX Investors Are Losing a Colossal Amount of Money Tension Flared on Space Station as Russia Threatened to Drill and Saw Into Wall, Prompting NASA Astronauts to Take Shelter Elon Musk's Conflicts of Interest With the Trump Administration Regulating SpaceX Are So Profound That They Have Grim Implications for Society 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 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 NASA’s Next Moon Mission Is a Rube Goldberg Machine of Corporate Failure Points The Math on SpaceX’s IPO Is Virtually Impossible It’s Possible That SpaceX Could Collapse Spectacularly SpaceX Is Massively Overvalued Ahead of Its IPO, Analysts Find Trump Shovels $4 Billion Directly to Elon Musk, Who Spent a Fortune Getting Him Elected Elon Musk Furious at Starlink Being Used for American Suicide Drones NASA Releases Sweeping Plans for Moon Base Research Paper Warns That There’s a Massive Experiment at Work to Geoengineer the Earth’s Climate SpaceX Announces Plans to Put Billionaire on First Rocket to Mars SpaceX Stock May Actually Be a Horrendous Investment Elon Musk’s Ex Says He Bragged About 10,000 Lasers in Orbit That Are “Not a Piece They’ll See on the Chess Board” Worker Dies at Starbase as SpaceX Rushes Toward Starship Launch If Starship Explodes Again, It Could Derail SpaceX’s Entire IPO SpaceX Bombarded With Lawsuits to Accusing Starship of Damaging Homes Explosion Reported on Site as SpaceX Prepares Starship for Another Launch Jeff Bezos’ Moon Lander Just Completed a Key Test NASA’s Moon Landing Schedule Slipping Horrendously Under Trump NASA Fires Up Futuristic Plasma Thruster Designed to Take Us to Mars An Out of Control SpaceX Rocket Is Going to Smash Into Moon, Astronomer Says Elon Musk Fans Increasingly Disgusted by His Toxic Outbursts SpaceX’s IPO Plan Will Give Elon Musk Ironclad Rule Over the Resulting Empire SpaceX Admits AI Data Centers in Space May Be a Really Terrible Idea Jeff Bezos’ Botched Space Launch Was So Bad It Could Threaten NASA’s Entire Moon Program Pentagon Disturbed as Its Fleet of Drones Is Left Bobbing in the Ocean When Elon Musk’s Starlink Fails Elon Musk Secretly Shared His Number One Priority at Tesla and It Really Says It All There’s a Blinking Warning Sign for the Data Centers in Space Industry SpaceX Files for IPO
Eighty Residents Sue SpaceX, Saying Elon Musk’s Constant Rocket Launches Are Literally Destroying Their Homes
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