What Happened
Elon Musk's Space Company Expands Launch Capabilities In Southern US
Elon Musk’s space company, SpaceX, plans to invest $100 billion in a new spaceport in Louisiana, aiming to launch thousands of rockets annually. The project, announced by Louisiana Gov. Jeff Landry and SpaceX President Gwynne Shotwell, is expected to generate 3,000 jobs over a decade and play a key role in ramping up missions of SpaceX’s reusable Starship launch system. Construction is set to begin in 2027, with the first launch targeted for as early as 2029. The project was announced in a special event, with Musk appearing in a promotional video. This development was first reported by The Associated Press.