Language:
Instant News and Commentaries
SpaceX Plans USD100B Starbase Project in Louisiana, US
26 Aug 2026 08:48
The Louisiana Economic Development office and Space Exploration Technologies Corp. (SPCX.US) jointly announced that SpaceX will invest USD100 billion to establish Starbase in Vermilion Parish to support thousands of launch missions annually.

Upon completion, Starbase will become the primary launch base for Starship. Starship is a rocket currently under development by SpaceX, the largest rocket ever built, and is designed to be fully reusable.

SpaceX CEO Elon Musk said the spaceport project will bring around 10,000 highly exciting jobs to Louisiana.

SpaceX shares closed up 2.2% on Tuesday (25th) at USD137.95.
~

AASTOCKS Financial News
Website: www.aastocks.com
SG Top Picks
Stock & Type Code Strike(Call Level) Last Effective Gearing
TSLA (P) 11135 330 (-) 0.470 4.0 X

 

Information Provided by AAStocks Financial News [Disclaimer]