SITUATION EXPLAINED: SpaceX is building a $100 billion spaceport in Louisiana. • It goes on roughly 130,000 acres of former Exxon property in Vermilion Parish, and it's the largest capital investment project in Louisiana history • At full buildout, five launch complexes with two pads each, plus propellant production, power generation, deepwater shipping, an airport, and residential housing for employees and their families • Construction starts 2027, first launch as soon as 2029, built for…