SpaceX Will Build Its Next Generation “BFR” In The Port Of Los Angeles

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Los Angeles Mayor Eric Garcetti announced on Twitter that SpaceX will build the rocket colloquially known as the BFR — which may or may not stand for the Big Falcon Rocket — in Los Angeles.

The announcement came as part of his annual State of the City address where he updates residents on all things good or bad that have transpired in the city or that are coming up for the City of Angels.

Getting down to the nuts and bolts of the deal, SpaceX has signed a 30-year lease for an 18-acre site in the Port of Los Angeles in late March. SpaceX President Gwynne Shotwell said of the announcement:

“SpaceX has called the Port of Los Angeles home to our west coast recovery operations since 2012. The Port will play an increasingly important role in our mission to help make humanity multi-planetary as SpaceX begins production development of BFR — our next generation rocket and spaceship system capable of carrying crew and cargo to the moon, Mars and beyond.”

The BFR was initially announced in September of 2017 as the next major milestone for SpaceX. Ironically, this was done before Falcon Heavy even took its first flight a few months later in January. The BFR is the next step in SpaceX’s mind-boggling push to not only get humanity to Mars but also to move people around the world in a fraction of the time that it takes today.

This would be accomplished by launching a reusable rocket into the atmosphere and carefully navigating it to another location on the planet and landing again. This essentially turns SpaceX’s rockets into super fast vertically launching and landing airplanes.

Garcetti has been pushing to increase his presence on the national stage in a move that many people believe to be setting himself up to run for president in 2020 — though, he has denied that to date. Announcing this impressive news that brings with it more high-paying jobs and more tax revenue from R&D and construction costs for such a high profile company is definitely a step in the right direction for the mayor if he does have ambitions to work from the White House in the future. Perhaps he’ll be able to commute to work in Washington, D.C., in under an hour on a SpaceX-powered flight by then?

Source: TwitterEngadget

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Kyle Field

I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. As an activist investor, Kyle owns long term holdings in Tesla, Lightning eMotors, Arcimoto, and SolarEdge.

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