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Rocket Lab has been building rockets in Long Beach for more than a decade, competing with the likes of SpaceX in a less talked-about area of the space industry: satellite launches. But growing interest in space exploration made CEO Peter Beck rethink his strategy.

"What we're trying to build is a new breed of space company," Beck said.

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A Long Beach company that has taken on SpaceX to become one of the leaders in small satellite launches is set to go public next week.

Rocket Lab will arrive on Wall Street in a deal with a blank-check company that pegs the 15-year old satellite launcher's value at $4.1 billion.

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On the heels of a $650 million raise earlier this month, reusable rocket-maker Relativity Space is upgrading its headquarters to a 93-acre former Boeing manufacturing facility in Long Beach where it can house production.

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