Ever thought about owning and racing your own Texas Thoroughbred? Now's the time.

Get in the Game

Conditions have never been better. Photo courtesy of Texas Thoroughbred Association

If you are a fan of Thoroughbred horse racing at Houston’s Sam Houston Race Park, no doubt you’re excited about the new season of live racing that opens on January 6.

But here’s something you may or may not have ever considered: owning and racing a Texas-bred Thoroughbred.

If you’ve ever pondered the potential or fantasized about the possibilities of getting involved with Texas horse racing, the conditions haven't been this inviting or favorable in many years.

For the first time in nearly two decades, Texas horse racing is moving in a positive direction, and everything indicates a continuation of that progress. Last year, even as the nation grappled with the harsh and sometimes deadly consequences of the COVID pandemic, Texas horse racing showed signs of resilience.

Even as racetracks limited their dates and crowds, the comeback began. Texas racetracks paid $31,052,099 in purses in 2020, according to the annual report by the state racing commission.

For the 89 days of Thoroughbred racing in the state, purses averaged $195,967, which represents a 42-percent increase from 2019, when Thoroughbred purses averaged a mere $137,681. But this was only the beginning.

The purse increase was largely due to House Bill 2463. Passed in 2019, it amended the tax code to require the deposit of state taxes collected on the sale of feed, supplements, and tack into a Horse Industry Escrow Account, capped at $50 million for the biennium. This supplementary source of funds added $17.5 million to purses in 2020, and the purses are still growing.

In 2021, Sam Houston Race Park enjoyed what was arguably the best season in its history. For its 43-day Thoroughbred meeting that concluded on April 3, the Houston racetrack paid $12.6 million in purses, or a record $293,000 a day.

The high purses attracted Letruska, who won the Houston Ladies Classic on her way to what will almost certainly be an Eclipse Award as the nation’s top older female. And all-sources handle increased more than 28 percent, to $2,242,807 a day.

Get a behind-the-scenes look at and inside information on owning and racing a Texas-bred Thoroughbred on January 6, opening night at Sam Houston Race Park.

Join Houston radio personality and horse racing handicapper Fred Faour and former Houston Oiler/Dallas Cowboy NFL star — and now racehorse owner — Mike Renfro for a special owner-preview event. Meet trainers and racehorse owners for valuable information about “getting in the game.”

Space is limited, so RSVP at www.TxRaceHorse.com.

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Intuitive Machines to acquire NASA-certified deep space navigation company

space deal

Houston-based space technology, infrastructure and services company Intuitive Machines has agreed to buy Tempe, Arizona-based aerospace company KinetX for an undisclosed amount.

The deal is expected to close by the end of this year, according to a release from the company.

KinetX specializes in deep space navigation, systems engineering, ground software and constellation mission design. It’s the only company certified by NASA for deep space navigation. KinetX’s navigation software has supported both of Intuitive Machines’ lunar missions.

Intuitive Machines says the acquisition marks its entry into the precision navigation and flight dynamics segment of deep space operations.

“We know our objective, becoming an indispensable infrastructure services layer for space exploration, and achieving it requires intelligent systems and exceptional talent,” Intuitive Machines CEO Steve Altemus said in the release. “Bringing KinetX in-house gives us both: flight-proven deep space navigation expertise and the proprietary software behind some of the most ambitious missions in the solar system.”

KinetX has supported deep space missions for more than 30 years, CEO Christopher Bryan said.

“Joining Intuitive Machines gives our team a broader operational canvas and shared commitment to precision, autonomy, and engineering excellence,” Bryan said in the release. “We’re excited to help shape the next generation of space infrastructure with a partner that understands the demands of real flight, and values the people and tools required to meet them.”

Intuitive Machines has been making headlines in recent weeks. The company announced July 30 that it had secured a $9.8 million Phase Two government contract for its orbital transfer vehicle. Also last month, the City of Houston agreed to add three acres of commercial space for Intuitive Machines at the Houston Spaceport at Ellington Airport. Read more here.

Japanese energy tech manufacturer moves U.S. headquarters to Houston

HQ HOU

TMEIC Corporation Americas has officially relocated its headquarters from Roanoke, Virginia, to Houston.

TMEIC Corporation Americas, a group company of Japan-based TMEIC Corporation Japan, recently inaugurated its new space in the Energy Corridor, according to a news release. The new HQ occupies the 10th floor at 1080 Eldridge Parkway, according to ConnectCRE. The company first announced the move last summer.

TMEIC Corporation Americas specializes in photovoltaic inverters and energy storage systems. It employs approximately 500 people in the Houston area, and has plans to grow its workforce in the city in the coming year as part of its overall U.S. expansion.

"We are thrilled to be part of the vibrant Greater Houston community and look forward to expanding our business in North America's energy hub," Manmeet S. Bhatia, president and CEO of TMEIC Corporation Americas, said in the release.

The TMEIC group will maintain its office in Roanoke, which will focus on advanced automation systems, large AC motors and variable frequency drive systems for the industrial sector, according to the release.

TMEIC Corporation Americas also began operations at its new 144,000-square-foot, state-of-the-art facility in Brookshire, which is dedicated to manufacturing utility-scale PV inverters, earlier this year. The company also broke ground on its 267,000-square-foot manufacturing facility—its third in the U.S. and 13th globally—this spring, also in Waller County. It's scheduled for completion in May 2026.

"With the global momentum toward decarbonization, electrification, and domestic manufacturing resurgence, we are well-positioned for continued growth," Bhatia added in the release. "Together, we will continue to drive industry and uphold our legacy as a global leader in energy and industrial solutions."

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This article originally appeared on EnergyCapitalHTX.com.

2 Texas cities named on LinkedIn's inaugural 'Cities on the Rise'

jobs data

LinkedIn’s 2025 Cities on the Rise list includes two Texas cities in the top 25—and they aren’t Houston or Dallas.

The Austin metro area came in at No. 18 and the San Antonio metro at No. 23 on the inaugural list that measures U.S. metros where hiring is accelerating, job postings are increasing and talent migration is “reshaping local economies,” according to the company. The report was based on LinkedIn’s exclusive labor market data.

According to the report, Austin, at No. 18, is on the rise due to major corporations relocating to the area. The datacenter boom and investments from tech giants are also major draws to the city, according to LinkedIn. Technology, professional services and manufacturing were listed as the city’s top industries with Apple, Dell and the University of Texas as the top employers.

The average Austin metro income is $80,470, according to the report, with the average home listing at about $806,000.

While many write San Antonio off as a tourist attraction, LinkedIn believes the city is becoming a rising tech and manufacturing hub by drawing “Gen Z job seekers and out-of-state talent.”

USAA, U.S. Air Force and H-E-B are the area’s biggest employers with professional services, health care and government being the top hiring industries. With an average income of $59,480 and an average housing cost of $470,160, San Antonio is a more affordable option than the capital city.

The No. 1 spot went to Grand Rapids due to its growing technology scene. The top 10 metros on the list include:

  • No. 1 Grand Rapids, Michigan
  • No. 2 Boise, Idaho
  • No. 3 Harrisburg, Pennsylvania
  • No. 4 Albany, New York
  • No. 5 Milwaukee, Wisconsin
  • No. 6 Portland, Maine
  • No. 7 Myrtle Beach, South Carolina
  • No. 8 Hartford, Connecticut
  • No. 9 Nashville, Tennessee
  • No. 10 Omaha, Nebraska

See the full report here.

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