Elon Musk’s SpaceX has been given the green light to move into the Port of Los Angeles.
The L.A. City Council voted unanimously Tuesday to approve a lease agreement for the companty to occupy a currently vacant terminal. The site will allow SpaceX to research, design and manufacture spacecrafts with the goal of sending people to Mars.
“This is an exciting item, colleagues,” councilmember Joe Buscaino, in whose district the company will be located, said at Tuesday’s meeting. “It’s crazy that here we are in 2020, preparing ourselves to send people to Mars and it’s going to happen in our own backyard.”
SpaceX will pay $1.7 million annually for 10 years to rent the space, and the lease includes two 10-year options to renew.
Buscaino noted that SpaceX will compliment a recently approved investment in the San Pedro Public Market.