What Happened
Elon Musk's Company Expands US Launch Capabilities
Elon Musk’s space company, SpaceX, plans to invest $100 billion in a new spaceport in Louisiana, which will be the company’s fourth and largest launch site. The spaceport, located on 125,000 acres of land, will support thousands of launches annually and play a key role in ramping up missions of the reusable Starship launch system. Construction is expected to begin in 2027, with the first launch targeted for as early as 2029. The project was announced by Louisiana Gov. Jeff Landry and SpaceX President Gwynne Shotwell, and is expected to generate 3,000 jobs over a decade, as reported by the Associated Press.