Harbor Commissioners Approve SpaceX Lease at Port of Los Angeles

Harbor commissioners for the Port of Los Angeles have approved a lease with SpaceX under which Elon Musk’s company will build a research, development, manufacturing and recovery facility at a dilapidated terminal.

The lease agreement, which the harbor board approved on Thursday, now goes to the Los Angeles City Council for a vote.

SpaceX would pay $1,699,990 during the first year, with the cost adjusted annually according to the consumer price index (CPI). Assuming SpaceX renews the lease for years 11-30, total lease payments through year 20 would total $52,888,933.

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SpaceX Looks to Build R&D, Manufacturing Facility at Port of Los Angeles

by Douglas Messier
Managing Editor

SpaceX is looking to build a research, development, manufacturing and recovery facility at a dilapidated terminal in the Port of Los Angeles.

The Los Angeles Board of Harbor Commissioners is set to meet on Thursday to consider approving a 10-year lease with two 10-year options for SpaceX to take over the former Southwest Marine site at Terminal Island in San Pedro.

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