relativity space

Elon Musk's Hawthorne-based SpaceX is joining the aerospace hub in Long Beach with a new 6.5 acre facility.

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Relativity Space landed a contract with the Department of Defense' Defense Innovation Unit to launch a payload into orbit in 2023.

The contract is seen as a win because it can help set up Relativity long-term with the department. The unit is focused on scaling commercial space, artificial Intelligence and other technologies across the U.S. military and often works with companies in early development.

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Relativity Space, the Long Beach 3D-printed rocket maker, has unveiled plans to create a fully reusable rocket.

CEO Tim Ellis told CNBC that the move is an "obvious evolution" for the company. The announcement comes on the heels of a hefty $500 million round he closed in November.

"It's the same architecture, the same propellant, the same factory, the same 3D printers, the same avionics and the same team," Ellis told the outlet.

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