The space race is transforming Southern California’s economy — again
https://www.latimes.com/business/story/2025-08-28/how-the-new-space-economy-is-transforming-southern-california
The space race is transforming Southern California’s economy — again
https://www.latimes.com/business/story/2025-08-28/how-the-new-space-economy-is-transforming-southern-california
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From the article:
>Today’s innovators are following in the flight path of a relative newcomer: Elon Musk’s SpaceX, which set up shop in El Segundo in 2002 to draw on the region’s deep engineering talent and successfully pioneered the development of low-cost reusable rockets.
>Though the company has since moved to Texas, its main operations remain in Hawthorne and many of the new companies have been founded by SpaceX alumni — or are reliant on its Falcon 9 workhorse rocket, which recently surpassed 500 launches.
>“The massive drop in the cost of getting mass into orbit, and the frequency with which they do launches … is almost exclusively due to SpaceX, “ said Andrew Sather, a partner at Initialized Capital, a San Francisco venture capital firm that invested in AstroForge.