SpaceX is hiring for natural gas trading to support energy needs

[HOUSTON] Elon Musk’s SpaceX is hiring a trader to build and lead a natural gas trading team to support the space flight company’s growing fuel and power needs.

Job postings for the role, which “focuses on physical and financial natural gas trading”, further underscores the importance of the power plant and manufacturing fuel to support the company’s ambitions in chipmaking and space exploration.

SpaceX earlier this month said it plans to build its own gas-fired power plants to support the electricity requirements of the massive semiconductor manufacturing facility it’s developing in Texas with Tesla. Surging power demand from data centres and new factories has driven demand for new gas plants, and Musk has long been a fan of vertical integration.

SpaceX’s massive Starship rocket uses super-chilled methane – the primary ingredient in natural gas – combined with liquid oxygen as propellant.

Other prominent technology companies, including Meta and OpenAI, have recently indicated plans to foray into power trading as their energy needs expand. 

Postings for the SpaceX gas trading role say that it is either based in Cape Canaveral, Florida, or Starbase, Texas – not the traditional gas-trading hubs of Houston, Calgary or Stamford, Connecticut. Remote work won’t be considered, the postings said.

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SpaceX didn’t immediately respond to a request for comment. BLOOMBERG