SpaceX announced Tuesday that it plans to build its largest rocket launch site in southern Louisiana, investing $100 billion in a complex that could ultimately support thousands of Starship flights each year. Starship, the fully reusable two-stage rocket that ranks as the tallest and most powerful ever flown, has been conducting test flights from South Texas since 2023.

The 125,000-acre site on Pecan Island in Vermilion Parish, called Starbase Louisiana, would become SpaceX’s fourth U.S. launch location and its second Starbase campus, Reuters reported.

Construction is slated to begin in 2027, with the first Starship launch planned for 2029, according to SpaceX.

SpaceX expects the project to create more than 3,000 jobs. In a video, SpaceX CEO Elon Musk said the company could eventually bring "probably 10,000 really exciting jobs" to Louisiana. The pledge lands in a Gulf Coast state whose economy has long been anchored by oil, gas and shipping.

"A day for the history books! With [SpaceX's] $100 billion investment in Louisiana, we are proving that Louisiana is open – open to new jobs, honest wages, and to those who dare to build something that lasts," Louisiana Gov. Jeff Landry wrote on X.

The complex would include launch pads and vehicle processing facilities, as well as systems to produce methane fuel and generate power. The company is also considering an airport and deep-water shipping capabilities to transport Starships from Texas, Reuters reported.

The project moved forward after Louisiana settled a lawsuit against ExxonMobil over allegations that the oil company’s drilling and canal work contributed to wetland loss. The settlement cleared the way for SpaceX to develop the 18-mile coastal property, according to Reuters.

Pecan Island is also a protected habitat for dozens of migratory bird species. SpaceX President Gwynne Shotwell said the company would help fund environmental protection efforts.

"In working with the state, we’re planning thousands of acres of marsh creation using beneficial-use placement of dredged material and offshore sediment sources," the SpaceX website says.

Louisiana has lost roughly 2,000 square miles of coastal land since the 1930s, according to U.S. Geological Survey estimates, making restoration of the disappearing coastline a long-running state priority.

Musk views Starship as key to expanding the company’s Starlink network, the satellite internet service that now serves millions of customers. The rocket is also central to NASA’s Artemis mission to return astronauts to the moon; NASA has contracted a Starship lander to carry astronauts to the lunar surface on Artemis III, the program’s first crewed landing.

SpaceX currently launches Starship from Texas and is building two additional Starship launch pads in Florida. The company also operates Falcon 9 launch sites in Florida and California. Before flights could begin from Louisiana, the site would need federal launch licensing and environmental clearances — reviews that SpaceX’s existing Texas operation has undergone amid challenges from environmental and community groups over impacts on wetlands and wildlife.

FOX Business reached out to SpaceX for additional details.

Reuters contributed to this report.