SpaceX plans to spend up to $100 billion building a new Starship launch facility in Vermilion Parish, Louisiana, which the state says could eventually "support thousands of launches annually." CNBC reports: Once built, Starbase, LA will serve as the main launch facility for Starship, SpaceX's in-development rocket that's the largest ever built and designed to be fully reusable. Musk has aspirations to massively expand SpaceX's Starlink satellite network, to launch orbital data centers and to someday colonize Mars. Those ambitions, and justification for SpaceX's nearly $2 trillion market cap, hinge on the success of Starship. SpaceX said, in a video posted 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 seven years. Musk said in the video that the company would bring "probably 10,000 really exciting jobs" to Louisiana with the spaceport. A fact sheet posted online by the state of Louisiana said SpaceX is expected to generate an estimated "3,000 direct new jobs over the next 10 years" in the state, and "8,100 indirect new jobs." 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."

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