Los Angeles port commission approves SpaceX rocket facility

Los Angeles harbor commissioners have approved a permit for Space Exploration Technologies to build a facility on 19 acres of port land to manufacture a Mars rocket that will be so big it will require an oceangoing barge for transport to launch sites.

SpaceX founder Elon Musk says the rocket will serve a wide range of missions including going to Mars.

The permit approved Thursday has an initial 10-year term with two 10-year options to extend.

SpaceX will receive credits that offset the approximately $1.38 million in annual rent in exchange for improvements it makes, including construction of a huge hangar-style building. Overall credits are capped at $44 million.

The deal is expected to be reviewed by the City Council.


Explore further

Elon Musk's vision to colonize Mars updated in New Space

© 2018 The Associated Press. All rights reserved.

Citation: Los Angeles port commission approves SpaceX rocket facility (2018, April 19) retrieved 21 July 2019 from https://phys.org/news/2018-04-los-angeles-port-commission-spacex.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
38 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more