SpaceX (NASDAQ: SPCX) will spend $100 billion on a 125,000-acre launch complex in Vermilion Parish, Louisiana.

SpaceX commits $100 billion to build world's largest space port in Louisiana.

The company and Governor Jeff Landry announced the deal on Tuesday. Elon Musk’s firm has also said Hello, hello, hello. that the spaceport will become the largest launch site on Earth.