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Shares of Elon Musk's space company SpaceX (SPCX) have been on a roll since its IPO.
It just so happens that the roll has mostly been downwards, which was expected after a bumper initial burst.
Among the few noticeable concerns raised by the naysayers, the increase in capex has been acting as a headwind against SPCX stock.
Well, the proposed $100 billion starship complex in Louisiana is the company's way of messaging that there will be no slowdown in capex spend.
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Expected to be spread over 125,000 acres near Pecan Island, the planned facility is projected to feature five launch complexes, each equipped with two pads, as well as infrastructure for propellant manufacturing, power generation, vehicle processing, and employee housing.
Construction is set to start in 2027, with the initial launch aimed for 2029.
Management expects the project to create 3,000 to 10,000 jobs.
But why was Pecan Island chosen as the proposed site for the complex, particularly? Well, SpaceX plans to launch a massive constellation of up to one million solar-powered AI data-processing satellites.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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