Thursday, August 27, 2026
SpaceX commits $100 billion to Starbase Louisiana
SpaceX announced on August 25 it will invest $100 billion in a new Starship spaceport at Pecan Island in Vermilion Parish, Louisiana, on former Exxon land, billed as its fourth and largest launch site. The campus is planned with five launch complexes of two pads each plus propellant production, power generation, vehicle processing and employee housing, creating 3,000 direct jobs at an average salary of about $92,600. Construction is expected to begin in 2027, with SpaceX targeting a first launch as soon as 2029 while Louisiana Economic Development has said initial operations are expected around 2030.
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