US space industry gets special break through Trump spending plan

US space industry gets special break through Trump spending plan

Companies backed by Elon Musk and Jeff Bezos in line for lower financing costs through eligibility for tax-free bonds

Space Companies Got Special Tax Break

“Private space companies, including Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin, stand to benefit from a preferential tax treatment tucked into Donald Trump’s signature spending plan,” the Financial Times reports. “The bill, which Trump signed last week, includes a provision that will allow spaceports to be financed in the municipal debt market through so-called private activity bonds, which fund non-governmental projects that have some publ…