In a joint statement, the Louisiana Economic Development office said<\/a> that SpaceX will establish its Starbase, Louisiana in Vermillion Parish to, “support thousands of launches annually.”<\/p>\n Shares of SpaceX rose about 2.5% on Tuesday after the announcement. <\/p>\n Once built, Starbase, LA will serve as the main launch facility for Starship, SpaceX’s in-development rocket that is the largest ever built or flown, and which is designed to be fully re-usable. <\/p>\n Musk has ambitions to massively expand SpaceX’s Starlink satellite network, to launch orbital data centers, and someday colonize Mars. Those ambitions, and justification for SpaceX’s nearly $2 trillion market cap, hinge on the success of Starship.<\/p>\n SpaceX said, in a video posted<\/a> to its website on Tuesday, that the search for a site to build launch pads and have access to ample fuel for its operations took about 7 years. Musk said in the video that the company would bring “probably 10,000 really exciting jobs” to Louisiana with the spaceport. <\/p>\n In the Tuesday announcement, SpaceX said it would work on a “historic coastal restoration” in Louisiana, in partnership with the state to “bring the marsh back” and ensure the wetlands around its new facility will have “storm protection.”<\/p>\n Previously, SpaceX has faced community backlash, lawsuits and fines following environmental violations at its first Starbase facility in Boca Chica, Texas, in the company town now known as Starbase.<\/p>\n In its first test flight of Starship in April 2023 in Texas, energy from the rocket caused SpaceX’s concrete launchpad to explode, and its spacecraft to blow up in mid-air. Chunks of concrete were flung into a nesting and migration site important to some endangered species nearby and a fire chewed through around 4 acres of Boca Chica State Park Land south of the Texas launchpad. <\/p>\n Stock Chart IconStock chart icon SpaceX stock chart<\/p>\n In 2024, SpaceX was also found to have violated the Clean Water Act at the Texas launch facility by repeatedly releasing pollutants into or near bodies of water in Texas, a state agency said in a notice of violation focused on its water deluge system.<\/p>\n SpaceX’s work in Louisiana follows Musk’s move from California into Texas, Tennessee and Mississippi. The company said Louisiana was its fourth launch site. <\/p>\n Musk’s AI venture, now known as SpaceXAI, built out its Colossus data centers and a power plant in Greater Memphis. Before that, Musk relocated the headquarters of his automaker, Tesla<\/a>, from California to Austin, Texas. Tesla now operates a massive vehicle assembly plant in Austin and is testing its driverless, Robotaxi service and Cybercab<\/a> vehicles in the region. <\/p>\n Tesla and SpaceX, in partnership with Intel<\/a>, also plan<\/a> to build a massive AI chip factory in Grimes County, Texas. <\/p>\n CNBC’s Kif Leswing contributed to this story.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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