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Barchart
Barchart
Pathikrit Bose

A $100 Billion Buildout In Louisiana Is Planned for Starship. What This Means for SPCX Stock.

SPCX Starship Louisiana SpaceX

Shares of Elon Musk's space company SpaceX (SPCX) have been on a roll since its IPO. It just so happens that the roll has mostly been downwards, which was expected after a bumper initial burst. Among the few noticeable concerns raised by the naysayers, the increase in capex has been acting as a headwind against SPCX stock.

Well, the proposed $100 billion starship complex in Louisiana is the company's way of messaging that there will be no slowdown in capex spend.

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