Musk's SpaceX to build $100bn launch site in Louisiana
Summary
SpaceX, a rocket company owned by Elon Musk, will build its biggest launch site in Louisiana, costing $100 billion. The new site, called Starbase, will begin construction next year and aims to handle thousands of rocket flights each year by 2029.Key Facts
- SpaceX’s new launch site will be in Louisiana and cover 125,000 acres.
- The project is planned to cost $100 billion.
- Construction will start next year.
- The site will support many Starship rocket flights to orbit, the Moon, Mars, and beyond.
- SpaceX plans to launch the first Starship flight from this base in 2029.
- The new facility will create over 3,000 jobs in the region.
- Workers at the site are expected to earn nearly double the average local salary.
- SpaceX recently started trading shares on the Nasdaq stock market.
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