SpaceX (SPCX) Stock Rises as Company Announces $100 Billion Louisiana Spaceport

TLDR

• SpaceX plans to invest $100 billion to build Starbase Louisiana in Vermilion Parish, on 125,000 acres at a former Exxon property
• The facility will include five launch complexes, fuel production, deep-water shipping, and possibly an airport
• SpaceX stock rose about 2% to close at $137.95 following the announcement
• The company expects construction to begin in 2027, with the first launch targeted for 2029
• SpaceX projects 3,000 direct jobs and 8,100 indirect jobs for Louisiana over 10 years

SpaceX stock rose about 2% to close at $137.95 on Tuesday after the company announced plans to build a $100 billion spaceport in Vermilion Parish, Louisiana.

Space Exploration Technologies Corp., SPCX

The facility, called Starbase Louisiana, will sit on 125,000 acres at a former Exxon property.

SpaceX said the site will have five launch complexes, each with two launchpads. It will also include fuel production and storage, power generation, vehicle processing, and deep-water shipping capabilities. Housing and possibly an airport are also planned.

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