SpaceX outlines land purchase proposal near Boca Chica Beach

[Boca Chica in Texas] Mathew Risley/iStock via Getty Images SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) said Nov. 13 it has discussed buying approximately 1,200 acres managed by the Texas Parks and Wildlife Department around its launch facility near Boca Chica Beach, with roughly 600 acres to be protected under a permanent conservation easement. The company said the proposed purchase excludes the beach and coastline, which would remain public. SpaceX's Starship rocket on Saturday successfully returned from orbit to its launchpad in South Texas. (SpaceX live feed on YouTube) For investors, the proposal concerns security and land use around SpaceX’s (SPCX [https://seekingalpha.com/symbol/SPCX]) Starship launch operations.