Several Louisiana media outlets report that Elon Musk’s SpaceX is in the “final stages” of securing approximately 130,000 acres on Pecan Island for a massive new spaceport to launch rockets into orbit.

The Times-Picayune reports a source with knowledge about the deal said SpaceX is poised to take control of roughly 130,000 acres at Pecan Island – more specifically, the coastal Vermilion Parish – as part of a settlement resolving long-running coastal lawsuits against ExxonMobil. Gov. Jeff Landry is expected to announce the agreement this month.

The outlet KPEL provided additional details:

Gov. Landry announced a settlement of the coastal lawsuits in June. Under that agreement, filed in the U.S. District Court for the Western District of Louisiana, ExxonMobil is expected to turn over land it has owned in Vermilion Parish since the 1950s, property long leased out for hunting and fishing. The terms have not been made public.

SpaceX would then take control of the site, with provisions built in for coastal restoration and protection, according to a source with knowledge of the deal.

Landry has confirmed the coastal settlement but declined to discuss the SpaceX deal specifically, and Louisiana Economic Development Secretary Susan Bourgeois has offered no comment either. SpaceX hasn’t named Louisiana directly, though the company acknowledged in a social media post that it’s scouting new sites to expand Starship launch operations.

KPEL explained why Pecan Island best fits SpaceX’s launch requirements:

Pecan Island has a permanent population of about 100 people along Louisiana Highway 82. Aerospace experts point to a handful of reasons that sparse setting appeals to SpaceX: deep-water access along the Intracoastal Waterway for barging in rocket hardware, a location roughly midway between the company’s Texas and Florida facilities, and a local supply of natural gas. SpaceX has also told regulators it wants to launch up to a million low-Earth-orbit satellites in the coming years, a plan that will require more launch pads.

Everything Elon Musk blog Elon Chron’s S.E. Robinson, Jr. wrote on X:

SPACEX: Louisiana State Senator Bob Hensgens, who represents Vermilion Parish, confirmed yesterday, ongoing talks between “a space exploration company” and Exxon-Mobil for the potential purchase of 136,000 acres south of Hwy La. 14, west of Intracoastal City, north/south of Pecan Island, extending to Rockefeller Wildlife Refuge in Cameron Parish.

The land is owned by Exxon-Mobil with surface rights managed by Vermilion Corporation. Hensgens could not name the space company, but stated he declined to sign a non-disclosure agreement for transparency purposes.

There is also talk about the possible construction of a coastal levee. The area is prone to hurricanes, so this would be a necessity.

More SpaceX news in today’s ELON CHRON below!

SPACEX: Louisiana State Senator Bob Hensgens, who represents Vermilion Parish, confirmed yesterday, ongoing talks between “a space exploration company” and Exxon-Mobil for the potential purchase of 136,000 acres south of Hwy La. 14, west of Intracoastal City, north/south of Pecan… https://t.co/nSHbWqikKZ pic.twitter.com/HCwKGbco4G

— S.E. Robinson, Jr. (@SERobinsonJr) May 8, 2026

If SpaceX secures the Pecan Island site, it would establish the company’s second major Starship launch complex, alongside Starbase in Boca Chica, Texas, where it already employs 3,400 people. SpaceX is the world’s leading launch provider, beating out entire nation states, and continues to rapidly expand its rocket and AI-driven manufacturing capabilities.

A second SpaceX launch site in Louisiana would be transformative for the state. The project is expected to create thousands of construction jobs during the build-out; although only a fraction of the 130,000-acre site would be developed, the remainder would serve as a safety and environmental buffer. Once operational, the launch, manufacturing, engineering, and support workforce could number in the thousands, establishing a major new aerospace hub along the Gulf Coast.