Fresh off of a $650-million fundraising round, Relativity Space is setting up shop at a new headquarters complex at the Goodman Commerce Center in Long Beach.
The company, known for its 3D printed rockets, is gearing up for expansion mode with with the signing of a new 1 million square foot lease at a 93-acre property that was once a Boeing C-17 manufacturing plant. The new complex will have capacity for more than 2,000 employees, as well as functions including a metallurgical laboratory, a mission control center, and dozens of its proprietary 3D printers - the largest in the world capable of printing metal.
“Relativity is at the forefront of an inevitable shift to software-driven manufacturing, and the opportunity to reimagine this facility for the future of aerospace is incredibly exciting,” said Relativity's chief executive officer and co-founder Tim Ellis in a news release. “Securing this space for Relativity Headquarters, which is now one of the largest facilities in private space, right here in Long Beach, is key for scaling out our Terran R program, while also continuing to tap into the unparalleled talent here to join us on our mission.”
The new factory is located within the Globemaster Corridor Specific Plan, a 437-acre area adjacent to Long Beach Airport that has been rezoned to attract new industries seeking a blend of office and manufacturing space.
“We want to welcome Relativity Space to Space Beach, and we couldn’t be more excited to welcome their new 1M square foot headquarters to our city,” said Long Beach Mayor Robert Garcia in a prepared statement. “Relativity is a growing leader in our world’s space economy, and we’re proud they chose Long Beach as home. This new HQ will bring thousands of great, good-paying jobs to Long Beach and strengthen economic growth for the entire region.”
Relativity, which is leasing its facility from industrial real estate firm Goodman Group, is expected to move in in early 2022. The new headquarters is being designed by Gensler.
The new lease comes less than a month after Relavity's valuation soared to an estimated $4.2 billion, and just over one year after the company finished moving into its existing 120,000-square-foot facility in Long Beach.
Six years after Boeing shuttered its C-17 plant, Long Beach's aerospace sector is staging a comeback. Earlier this year, Relativity competitor SpaceX announced that it would lease 6.5 acres of land at the Port of Long Beach to use for rocket recovery.
- Long Beach (Urbanize LA)