14:35:41 EDT Wed 26 Aug 2026
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SpaceX CDR (CAD Hedged)
Symbol SPCX
Shares Issued 15,850,000
Close 2026-08-25 C$ 23.00
Market Cap C$ 364,550,000
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Globe/wire say SpaceX to build massive rocket site

2026-08-26 08:46 ET - In the News

The Globe and Mail reports in its Wednesday edition that SpaceX unveiled plans on Tuesday to build its largest rocket launch complex yet in southern Louisiana, a $100-billion (U.S.)effort to transform coastal wetlands into a critical base for the company's Starship and AI satellite launch ambitions. A Reuters dispatch to The Globe says the 125,000-acre site on Pecan Island, which SpaceX named Starbase Louisiana, will expand the company's Starship launch operations beyond south Texas and those planned for Florida. It will eventually launch thousands of Starship flights a year, SpaceX president Gwynne Shotwell said. Construction will begin next year with the first Starship launch in 2029, SpaceX said in a statement. Ms. Shotwell detailed the plans near the proposed site in Louisiana's Vermilion parish at an event with Governor Jeff Landry and other senior state officials. The "self-sustaining" spaceport will include its own methane production for propellant, power generation, deep-water shipping capabilities to transport Starships from Texas, vehicle processing facilities, and probably an airport. The marshland site is more than eight times the size of Manhattan. The launch site will be SpaceX's fourth in the U.S.

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