SpaceX Plans $100 Billion Spaceport in Louisiana, JPMorgan Raises SPCX Price Target to $240

SpaceX has unveiled plans to build a $100 billion spaceport in Southern Louisiana, creating a major Starship launch and manufacturing hub on the Gulf Coast. The announcement comes as JPMorgan maintains a bullish view of SpaceX, with the bank’s $240 price target implying substantial upside for investors.

SpaceX targets thousands of launches with $100 billion spaceport in Louisiana

The proposed Starbase Louisiana facility will cover nearly 125,000 acres in Vermilion Parish and become SpaceX’s largest launch site. According to reports, construction will begin in 2027, with the first Starship launch scheduled for 2029.

The Starbase Louisiana facility will house five launch complexes with two launch pads each, alongside propellant production, power generation, vehicle processing facilities, and other infrastructure. Upon completion, SpaceX says the facility will support thousands of launches each year.

SpaceX’s incoming facility will support Starship missions, including satellite deployments and future missions to the Moon and Mars, while expanding SpaceX’s capacity for its growing satellite and AI infrastructure ambitions.

Analysts predict that the project will create over 3,000 direct jobs in Louisiana over the next decade with an estimated average salary of $92,600. Meanwhile, state officials also expect thousands of additional indirect jobs as aerospace activity expands toward the region.

SpaceX has committed to local payments and a $25 million charitable contribution as part of the Louisiana agreement. However, the project is facing environmental and local opposition because the location is a coastal wetland habitat.

JPMorgan sees SpaceX reaching $240

Amid the announcement, SPCX price rose 2.19% to close the trading day at $137.95. Since its mega IPO in June, SPCX's price surged to an all-time high of $225.64 before slipping by 38% to its current level.

Meanwhile, JPMorgan has raised its end-of-year SpaceX target to $240 from $225 while maintaining an Overweight rating. The Wall Street giant has pointed to growing confidence in SpaceX’s AI prospects, particularly following its acquisition of Cursor developer Anysphere.

The $240 target represents a 75% upside from recent trading levels. While JPMorgan’s estimates are the most bullish, the average analyst target for the SpaceX stock is around $232.

Analysts point to “extremely ambitious” revenue projections as reasons for their muted price estimates. Furthermore, nearly 370 million additional shares could become eligible for sale in September, potentially increasing the public float by about 20%.