Capitalism in space: SpaceX’s offer to buy the last homes in the hamlet of Boca Chica for its Starship spaceport has been rejected by some of the landowners.
Their reasons are obvious. They don’t want to move, and they also claim the appraisals SpaceX used to set its price, which the company claims is three times the value of the homes, are too low.
Although the Hawthorne, Calif.-based rocket company, in a letter dated Sept. 12 and sent via FedEx, is offering the Heatons three times the appraised value of their home, they say the offer isn’t close to what they’d need to sell. The appraisal conducted by SpaceX is several thousand dollars less than an appraisal the Heatons got through their bank five years ago, Terry said.
“I sent them an email the day after we got this letter, not being sarcastic or anything else,” he said. “I just told them the facts, that (their) appraisal is extremely low.”
If they obtained an appraisal five years ago that is less than SpaceX’s now, than SpaceX is certainly not offering them three times the value of their home.
SpaceX does not have the right to condemn these properties, as does the government. It must reach an equable deal with the landowners. In the case of the Heatons and several others, it sounds like this is going to take a lot of money. They want enough so that they can buy something comparable elsewhere.
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