Louisiana Gov. Jeff Landry said Tuesday that SpaceX will commit $100 billion to develop Starship factories and launch pads in the state's coastal areas. In doing so, the company seeks to replicate the Starbase facility it has built over the last decade in southern Texas on a larger scale.

The announcement capped months of speculation about SpaceX's interest in a sprawling parcel of land along the Gulf coast of Louisiana, which offers room to build multiple launch towers and offers access to the methane propellant that fuels the Starship rocket.

Gwynne Shotwell, the president and chief operating officer of SpaceX, said the "Starbase Louisiana" facility would become a self-sustaining spaceport with propellant production, power generation, deep-water shipping capabilities, vehicle processing facilities, and an airport on site.

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SpaceX and the state of Louisiana are close to finalizing a deal for the launch company to acquire about 130,000 acres along the northern coast of the Gulf of Mexico.

There have been persistent rumors about such an agreement for months, but now The Times-Picayune | The New Orleans Advocate reports that Louisiana Gov. Jeff Landry is expected to announce the agreement later this month.

The deal would give SpaceX control of an 18-mile stretch of marshland southwest of Lafayette. The site, known as Pecan Island, became available as part of a legal settlement that resolves dozens of lawsuits that blame ExxonMobil for pollution and coastal land loss, the newspaper reports.

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