An artist’s impression of the Starbase Louisiana site,which is set to have more than a dozen launch towers (Picture: SpaceX/Cover Media)

SpaceX has announced plans to build the ‘biggest launch site on Earth’ – a project with an estimated cost of $100billion and due to become operational by 2029.

Work on the 125,000 acre site,dubbed Starbase Louisiana,will begin next year with the facility set to host more than a dozen launch towers.

SpaceX CEO Elon Musk said the site would create 10,000 jobs of the type,‘that are so exciting you can’t wait to go to work in the morning.’

The new launch site in operation. It is estimated to cost around $100billion (Picture: SpaceX/Cover Media)

‘Starbase Louisiana will ultimately have over a dozen launch towers,enabling more than 30 Starship flights per day and making it the biggest launch site on Earth!’ he posted on X.

SpaceX added that it will be used to ‘support thousands of Starship flights a year with missions launching to Earth orbit,the Moon,Mars and beyond’.

The new venture meant that company was ‘committed to investing at least $100 billion and creating more than 3,000 new jobs at Starbase,Louisana hiring heavily from nearby communities and utilising Louisiana workers’ extensive experience of building complex infrastructure in their unique environment.’

SpaceX plans to launch thousands of rockets from the site every year (Picture: SpaceX/Cover Media)

The Louisiana Economic Development agency estimates the project will also generate more than 8,100 indirect jobs. SpaceX has also committed to ‘restore wetlands’ around the base.

‘The historic project will establish Louisiana as a global hub for next-generation aerospace,with the capacity and infrastructure needed to dramatically increase launch frequency and expand access to space,’ officials from the agency said.

Plans for the site,just off the coast of the southern state of Louisiana,include developing propellant production,power generation,deep-water shipping capabilities,vehicle processing facilities and an airport.

Elon Musk with Louisiana Governor Jeff Landry visiting the site of the future Starbase

(Picture: SpaceX/Cover Media)

SpaceX’s Starship craft is designed to carry people and cargo into Earth orbit and eventually support missions to the Moon and Mars – although it is yet to complete testing.

The announcement comes after SpaceX shares began trading on the Nasdaq in June.

The site sits back off the Louisiana coastline (Picture: SpaceX/Cover Media)

A statement posted on Musk’s X platform by SpaceX,reads: “Starbase,Louisiana will be built to support thousands of Starship flights a year. This self-sustaining spaceport will have propellant production,vehicle processing facilities,and an airport.”