Elon Musk plans to build a new airport near Austin, Texas

Elon Musk, the CEO of Tesla and SpaceX, may get to construct his own airport outside of Austin, Texas, according to media sources. Musk is reportedly working on plans for a brand-new private airport and Teslarati reported citing Austonia. These sources claimed that the conceptual ideas have been confirmed, despite the fact that little is known regarding the date or even the exact location.

It is unknown how much space the CEO would require for a private airport, although the Austin Executive Airport has community hangar space that is more than 130,000 square feet and the runway is 6,025 feet long. The entrepreneur’s fleet of corporate jets, which includes a Gulfstream G650ER, two Gulfstream G550s, and a Dassault Falcon 900B, would probably use the new airport. Additionally, Musk ordered a larger Gulfstream G700 with capacity for 19 passengers.

It was mentioned in the report that constructing an airport would take time. EPA and FAA approvals are needed for airports. While this was going, Tesla reported second-quarter revenue of $16.9 billion, a decrease from the first-$18.8 quarter’s billion. Tesla’s second-quarter earnings came in at $2.3 billion, which was less than its first-quarter record of $3.3 billion.