Skip to main content

Share story

Infrastructure Policy

Louisiana nears SpaceX spaceport deal on Vermilion Parish Pecan Island

Louisiana nears SpaceX spaceport deal on Vermilion Parish Pecan Island Image: Primary
KPEL reports Louisiana is in the final stages of a deal that would bring SpaceX a rocket spaceport on an 18-mile stretch of coastal marsh at Pecan Island in Vermilion Parish, about 45 miles southwest of Lafayette. A source familiar with the agreement said the deal would give SpaceX control of about 130,000 acres by sale, long-term lease, or another arrangement, with Gov. Jeff Landry expected to announce it this month. The site sits in a coastal lawsuit settlement under which ExxonMobil is expected to turn over Vermilion Parish land it has held since the 1950s; Landry confirmed the settlement but declined to discuss SpaceX specifically, and SpaceX has not named Louisiana while saying it is scouting sites to expand Starship launches. KPEL said aerospace experts cite deep-water Intracoastal Waterway access, a midpoint between Texas and Florida facilities, and local natural gas. A source said the project would create thousands of jobs while using only a fraction of the acreage as a buffer. The report ties timing to an FAA proposal to let aerospace firms bypass 13 federal environmental laws in launch licensing, with public comment open through late August, and notes Louisiana earlier passed aerospace tax breaks and launch liability protections.
Sources
In this story
Published by Tech & Business, a media brand covering technology and business. This story was sourced from KPEL and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

Robotics Capital
Robotics Capital

Bedrock Robotics raises $600M at a $4.1B valuation

Bedrock Robotics raised a $600M Series C at a $4.1B valuation, Bloomberg reported. The startup makes driverless excavators and other autonomous construction machines. The financing adds capital to a company developing autonomous ...

Capital
Capital

Matiks raises $10 million to expand puzzle games and game creation

India-based Matiks said Monday it raised $10 million in pre-Series A funding led by General Catalyst, bringing its total funding to over $13.5 million. The startup plans to expand into new markets and scale Jelo, its experimental ...

AI Products
AI Products

AWS makes GPT-6.1 Terra generally available on Bedrock

AWS announced general availability of OpenAI's GPT-6.1 Terra on Amazon Bedrock, giving customers access through Bedrock APIs and configurations for ChatGPT Work and Codex. The model accepts text and images and supports up to 1 mil...

AI
AI

OpenAI releases GPT-6.1 Terra at $1 per million input tokens

OpenAI has released GPT-6.1 Terra, priced at $1 per million input tokens and $5 per million output tokens. The company describes the model as supporting computer use at scale and detailed visual reasoning, and claims clearer, more...