SpaceX and the state of Louisiana are close to finalizing a deal for SpaceX to acquire about 130,000 acres of marshland along the northern Gulf Coast in southern Louisiana.

The property, known as Pecan Island, lies about 18 miles southwest of Lafayette and was made available through a legal settlement that resolved multiple lawsuits alleging ExxonMobil pollution and coastal land loss, according to The Times‑Picayune | The New Orleans Advocate.

The agreement would give SpaceX control of an 18‑mile stretch of coastline, and the company has previously said it intends to conduct thousands of Starship launches per year, requiring additional launch sites. Earlier this year, the Louisiana Legislature passed a package of incentives for aerospace companies, including liability protections and property tax breaks.

The deal is expected to include provisions for coastal restoration and preservation of the marshland, which supports wildlife and serves as a buffer against hurricanes, the newspaper reported. No state officials or SpaceX have publicly commented on the transaction.

The acquisition aims to expand SpaceX’s launch capacity, addressing limited undeveloped coastal sites in the United States.