Musk's SpaceX announces $100 billion plan for new spaceport in Louisiana
Elon Musk's space company plans to spend $100 billion to build a massive new spaceport in Louisiana to launch rockets, state officials and the company announced Tuesday.
TL;DR
- SpaceX plans to invest $100 billion in a new, massive spaceport in Louisiana.
- The spaceport will be the company's fourth and largest launch site, supporting its Starship system.
- The location is 125,000 acres along Louisiana's southern coast.
- State officials anticipate the project will create 3,000 jobs over ten years.
- Environmental groups raised concerns about the impact on the coastline, but SpaceX pledged to work on land protection and community engagement.
- Construction is slated to begin in 2027, with the first launch targeted for 2029.
- SpaceX aims to dramatically increase rocket launches to put more satellites in orbit.