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SpaceX to Build $100B Louisiana Rocket Launch Facility With Major Tax Breaks

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Sig5.44Sen+1.73Env0.00Soc-0.85Gov-1.70

SpaceX plans to build a 125,000-acre, $100 billion rocket launch facility on Louisiana’s coastline in Vermilion Parish, firing about 30 rockets per day. The deal includes large property-tax exemptions tied to payments to local government entities. Coverage also highlights community concerns and prior reporting that Louisiana officials used nondisclosure agreements to conceal negotiations behind major industrial projects.

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