>This isn’t a zero-sum game where Texas grows at New York’s expense.

Not at all.

New York is standing to gain quite a bit.

>TXSE was backed by wealth management giant BlackRock and market maker Citadel Securities, among other firms.

>The Texas company said in June 2024 that it raised a total of $120 million from more than two dozen investors.

Ever heard of "The Texas Company" from 100 years ago when they first discovered huge gushing oil wells in Beaumont? Popularly known as Texaco, it was of course, a New York company.

Go back before 1837 and Houston itself was unpopulated ranchland while San Antonio and El Paso were well-established western towns.

Until New York investors bought the ranch and built the planned industrial community we know today.