SpaceX invests $1.8 billion in Florida Starship expansion

marketscreener.com

SpaceX plans to invest at least $1.8 billion to expand its Starship program in Florida. The investment will fund new launchpads and processing facilities on the Space Coast, marking a significant move beyond its Texas operations. The company aims to build two launchpads near NASA's Kennedy Space Center and Cape Canaveral Space Force Station. Construction is already underway at one site, with the project expected to create around 600 jobs by 2030. SpaceX still needs regulatory approvals for the Florida launches. The U.S. Air Force is reviewing the environmental impact of the plans, with a draft report expected this spring.


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