SpaceX Announces $100 Billion Starbase

SpaceX has officially announced Starbase Louisiana, a new $100 billion Starship launch and manufacturing complex that will become the largest launch site on Earth, according to the company. Elon Musk and Louisiana Governor Jeff Landry unveiled the project on August 25, 2026, at an event in Abbeville, Louisiana. The facility will sit on roughly 125,000 acres of Gulf Coast wetlands near Pecan Island in Vermilion Parish, and Louisiana officials say it is the largest capital investment in the state's history. The plan calls for five launch complexes with two Starship pads each, for a total of 10 launchpads, along with onsite propellant production, power generation, deep water shipping infrastructure, vehicle processing facilities, an airport, and housing for employees. Musk said the completed site will ultimately have over a dozen launch towers, enabling more than 30 Starship flights per day, making it the biggest launch site on Earth. Construction is expected to begin in 2027, with the first Starship flight from the site targeted for 2029. SpaceX President Gwynne Shotwell said the company plans to hire around 3,000 direct employees, with total employment potentially reaching 10,000. The site's location on protected coastal wetlands has already drawn scrutiny from environmental groups, according to Reuters. Louisiana will become SpaceX's largest spaceflight hub, joining existing operations in South Texas and Florida. $SPCX. Video contains content by @evasteslasplaid, @elonmusk, @spacex, @stellarixorine, @czverse #SpaceX #Starship #Louisiana 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.