Elon Musk to Build His Own Airport in Texas

Elon Musk plans to build his own private airport in Texas.

The airport, which could serve Musk's Texas-based companies Tesla, SpaceX and Boring Company, is to be built east of Austin. However, the exact location, size and timetable are unknown.

Musk and his companies own thousands of acres of land in central Texas, including 2,100 acres for Giga Texas, and SpaceX and Boring Company have also purchased land recently.

Musk is spending more and more time in Texas as the company ramps up production at its gigafactory, which he recently described as a "giant money furnace."

Musk will need FAA approvals to build a private airport and must comply with environmental standards set by the agency.