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Last updated: 2026-08-27 21:46:49 ET
The investment includes a propellant production facility and vehicle processing. The land was previously owned by ExxonMobil, which was sued for allegedly polluting the state’s coastal marshes.
The company will need to raise a lot of debt in order to fund its ambitions, according to an analyst.
Investors aren't appreciating the full scope of the rocket maker's plan to build a $100 billion spaceport in Louisiana.
Elon Musk's space company plans to spend $100 billion to build a new spaceport in Louisiana to launch rockets, state officials and the company announc...
SpaceX says it will invest $100 billion to launch thousands of rockets from “Starbase, Louisiana,” with construction set to start in 2027.
SpaceX plans to establish its Starbase, LA, in Vermillion Parish, which will "support thousands of launches annually."
The company says it will start construction in 2027 and that a Starship rocket could take flight as soon as 2029.
It would be the rocket company’s second private launch site after Starbase, its headquarters in South Texas.
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