SpaceX confirms it’s building its largest spaceport yet, committing $100 billion for a Louisiana site—adding to its list of
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Rather apparent in SpaceX’s IPO filings is the ever-constant named goal of reaching Mars to build compute infrastructure and even human settlements on the red planet.
Key facts
Under a local payment-in-lieu-of-taxes agreement, SpaceX will make a $20 million upfront payment and at least $25 million annually for 25 years, with the state estimating more than $820 million
Texas officials have awarded SpaceX a grant of up to $7.5 million for the project, while state regulatory filings put the Gigabay facility at roughly 700,000 square feet and an estimated $250 million
Louisiana Economic Development estimates SpaceX will create more than 3,000 direct jobs over the next decade, with an average annual salary of $92,600, as well as roughly 8,100 indirect jobs—leading
The joint Tesla-SpaceX project is planned to be located in Grimes County, where it announced an initial investment of more than $16.8 billion
Summary
SpaceX is committing $100 billion to build a massive new spaceport in coastal Louisiana, giving the rocket company another multibillion-dollar expansion project as it races to scale Starship, satellite manufacturing and AI infrastructure. Construction is scheduled to begin in 2027, with the first launch targeted for as early as 2029. “Starbase Louisiana will ultimately have over a dozen launch towers, enabling more than 30 Starship flights per day and making it the biggest launch site on Earth,” Musk posted on X. Louisiana Economic Development describes the project as potentially the world’s largest spaceport, with the capacity to support thousands of launches a year.