SpaceX to Invest $100 Billion to Build Louisiana Launch Facility

12:58 PM EDT, 08/25/2026 (MT Newswires) -- SpaceX (SPCX) will invest $100 billion to build its largest launch facility in Vermilion Parish, Louisiana, which will play a key role in ramping up Starship missions, the company and the state said in a joint release. Construction on the project is expected to begin in 2027, with the first launch targeted as soon as 2029, the release said. Shares of SpaceX were up 2.5% in Tuesday afternoon trading. Price: 138.40, Change: +3.40, Percent Change: +2.51