Musk's SpaceX to build $100bn launch facility in Louisiana
By Osmond Chia, BBC - Business reporter
Multi-billionaire Elon Musk's rocket company SpaceX has announced that it will build its largest launch site yet in the southern US state of Louisiana.
Construction of the $100bn (£73bn) project - named Starbase, Louisiana - is due to start next year, with the 125,000-acre (50,585-hectare) site expanding on the company's operations beyond its current Texas headquarters and locations in Florida.
It will be used to "support thousands of Starship flights a year with missions launching to Earth orbit, the Moon, Mars and beyond," SpaceX said on Tuesday.
In June, SpaceX shares started trading on New York's technology-focused Nasdaq in the world's biggest ever stock market debut.