SpaceX Announces Plan For $100B Starbase Louisiana Launch Facility

SpaceX plans to build a $100 billion spacecraft launch facility on Pecan Island in coastal Vermilion Parish.

The company made the announcement on Tuesday, ending months of speculation.

Construction on Starbase Louisiana is expected to begin next year, with the first launch possibly by 2029.

Gov. Jeff Landry welcomes the project as an economic boost for the state, but local residents don't know what to expect.

The project is expected to create thousands of jobs, and state leaders are taking steps to see to it that the jobs go to Louisiana residents.