SpaceX secures crucial Port of LA lease for Mars mission

City Council approved a lease to build interplanetary rockets at former Navy shipyard

May.May 09, 2018 09:40 AM
Elon Musk (Credit: SpaceX, Wikimedia Commons)

The countdown begins.

The Los Angeles City Council unanimously approved a lease agreement with SpaceX for a swath of real estate at the Port of Los Angeles, where the company plans to build its interplanetary Big Falcon Rocket, according to Curbed.

Elon Musk’s rocket company wants to build the giant rockets at the Port’s Terminal Island because they are too big to transport there via roadway from its Hawthorne manufacturing facility, which just hit the market. The rockets will be transported from the site out to sea on barges for testing.

The property formerly served as the Southwest Marine shipyard, where the Navy built vessels during World War II. News broke of SpaceX’s plans when the Board of Harbor Commissioners approved a plan to build a production and development site for “specialized transportation vessels” submitted by a SpaceX subsidiary called WW Marine Composites.

A 150-foot-tall, 203,000-square-foot structure will eventually anchor the site, but Curbed reports that Space X will start with an 80,000-square-foot facility. The facility will employ around 700 people.

SpaceX will pay to develop the site and will not pay rent for 20 years, after which it will pay around $3 million annually to the city, which controls the Port of Los Angeles. [Curbed] – Dennis Lynch 

Related Articles

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

West Ocean Towers (Credit: Ledcor Group)

Developers of Long Beach’s tallest tower sued by contractor

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

Troy Palmquist is expanding The Address into Long Beach with local agent Andy Dane Carter his first hire

Next address for The Address? Long Beach