Hurricane Ian flooded major cities and devastated homes after it made landfall in Florida -- but the damage isn’t done.

After temporarily becoming a tropical storm, Hurricane Ian accelerated to Category 1 strength on Thursday night as it barreled toward South Carolina, with landfall expected on Friday.

In all, the economic damage wrought by the hurricane could reach up to $65 billion, according to a projection released on Thursday by data firm Enki Research, which studies the financial impact of storms.

The estimate put the best-case scenario for storm damage at $55 billion, Enki Research said.

The historic storm demolished homes and businesses, damaged infrastructure like roads and bridges and appears to have harmed citrus fruit trees that make up a key industry in the state.