STARBASE, Texas, August 28, 2026, 19:10 (EDT).
- SpaceX stock finished at $141.50, rising 0.45%, with 55.02 million shares traded.
- The Louisiana launch campus includes a pledge of no less than $100 billion.
- Work is set to begin in 2027, and the inaugural launch is planned for 2029.
- The pledge amounts to roughly 5.2% of SpaceX’s $1.92 trillion market capitalization.
Shares of Space Exploration Technologies Corp. gained 0.45% on Friday following the company’s Louisiana expansion, which marked a new milestone for the capital secured in June. The Nasdaq-listed stock closed at $141.50.
The company pledged a minimum of $100 billion for a 125,000-acre launch campus, a figure that exceeds its $75 billion initial public offering by one-third.
The project moves the investor discussion away from capital access and places focus on execution. The declared commitment amounts to 12.8 times second-quarter revenue.
SpaceX stated that Starbase Louisiana is expected to generate over 3,000 jobs. Construction is scheduled to start in 2027, with launches targeted for 2029 SpaceX project page.
Louisiana authorities report an average yearly salary of $92,600. The location is set to be the firm’s biggest launch facility Louisiana Economic Development.
| Investor measure | Verified figure | Louisiana comparison |
|---|---|---|
| Market value | $1.92 trillion | Commitment amounts to 5.2% |
| IPO proceeds | $75 billion | Commitment is 1.33 times greater |
| Q2 revenue | $7.8 billion | Commitment represents 12.8 times |
| Q2 capital spending | $18.37 billion | Commitment is 5.4 times larger |
The balance sheet must handle swift growth in other areas. SpaceX’s capital expenditures reached $18.37 billion in the second quarter, its quarterly filing showed.
Operational performance is strengthening. Revenue increased by 92% to reach $7.8 billion, as adjusted EBITDA jumped 191% to $3.5 billion second-quarter results.
The net loss was reduced to $541 million, down from $1.01 billion. The operating loss decreased to $143 million from $970 million.
Trading volume on Friday reached 55.02 million shares, amounting to 54% of the recent daily average. This points to moderate, rather than exuberant, buying activity.
The stock is just 4.8% higher than its $135 offer price. It is also trading 37% beneath its post-listing peak of $225.64.
Adam Jonas, an analyst at Morgan Stanley, assigns SpaceX an Overweight rating and sets a target of $300. Coverage of the company in public markets is still in its early stages, which may keep target ranges broad.
Risks: The obligation extends across multiple years and does not represent immediate funded expenditure. The project’s financial outlook could be affected by permits, environmental assessments, Starship dependability, and adjustments to the 2029 launch schedule.
