• Elon Musk is planning to build his own private airport in Texas, sources told the Austonia website.
  • It reported that conceptual plans for an airfield east of Austin had been confirmed.
  • Musk's airport could service his Texas-based companies Tesla, SpaceX, and the Boring Company.

Elon Musk is planning to build his own private airport in Texas, multiple sources told Austonia.

The local publication cited individuals who said that plans for an airport east of Austin, near Bastrop, had been confirmed although the exact location and timetable were unknown.

Musk has based several of his companies, including SpaceX and the Boring Company, in Texas, and moved his Tesla HQ from Silicon Valley to Texas in December. The airport could be used to service and develop these operations.

Musk and his companies own thousands of acres of land in central Texas, including 2,100 acres for Giga Texas, while SpaceX and the Boring Company have also been acquiring land in recent years. 

It's unclear what the scope of the airport would be, though nearby Austin Executive Airport spans 585 acres.

In a speech after opening Giga Texas, Musk boasted how the site was a 10-minute drive from Austin-Bergstrom International Airport.

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

Last month Austonia reported that Musk, who flies a Gulfstream G650ER, was planning to upgrade to the G700, which has a base price of $78 million. 

Building a private airport requires approval from the FAA, as well as passing environmental standards set by the agency

Local regulations may also apply, but Bastrop council and its economic development organization told Insider they were not yet aware of any plans. 

A representative for Musk didn't immediately respond to a request for comment.

Read the original article on Business Insider