SpaceX Lands $27.5B Deal in Louisiana | New Orleans News

Louisiana just handed SpaceX a $27.5 billion sweetheart deal to build its largest launch facility yet in Vermilion Parish—nicknamed “Project Osprey”—with nearly $24 billion in 25-year property tax exemptions, $3.6 billion in sales tax rebates, and workforce grants, all in exchange for just $25 million annually plus inflation adjustments. Critics call it the biggest single-project tax break in U.S. history, arguing that SpaceX’s annual payments represent only 2% of what the facility would normally generate in taxes. The company plans to create 3,000 high-paying jobs by 2035, build a self-sustaining base with 10 launchpads, housing, and even an airport—and fast-track construction under secrecy agreements, with launches expected by 2029. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2852fff7e4d903a3