Washington, DC - Elon Musk's SpaceX announced plans Tuesday to build a $100 billion facility in Louisiana to launch its highly anticipated Starship megarockets, currently being developed at the company's Texas Starbase.

"A spaceport on the Louisiana Gulf Coast enabling a multiplanetary future," declared the SpaceX website.

The new facility will be built in Vermilion Parish, about 115 miles west of New Orleans.

"We're committed to investing at least $100 billion and creating more than 3,000 new jobs at Starbase, Louisiana," the company said, with construction to begin next year.

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SpaceX says the buildout will go beyond mere launch pads and include all the infrastructure necessary to support "thousands of Starship flights per year," with the first expected in 2029.

Starship is the company's megarocket, still under development, which it plans to use for missions to the Moon and Mars.

"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!" Musk wrote on X, which he also owns.

Musk, the world's richest man, is known for his grandiose promises and highly optimistic timelines.

SpaceX also said it would undertake significant efforts to preserve the coastline and protect local wildlife.