SpaceX Mars BFR rocket Port of Los Angeles plans confirmed

Elon Musk’s Boring Co. raises $113 million to chase a pipe dream		
	Lucas Matney

   	7 hours

Elon Musk’s Boring Co. raises $113 million to chase a pipe dream Lucas Matney 7 hours

This isn't SpaceX's first presence in this area, it has already been running its west coast recovery operations from the Port of Los Angeles since 2012.

SpaceX has chosen to manufacture its planned big, new rocket in the Port of Los Angeles, Mayor Eric Garcetti announced April 16 in his annual state of the city speech.

"This vehicle holds the promise of taking humanity deeper into the cosmos than ever before", he added. It's going to be a big and powerful rocket indeed.

The top step serves as an accelerator for rocket launch SpaceX.

Elon Musk's Boring Co. said on Monday it raised $112.5 million in equity, with 90 percent coming from Musk himself, as the company seeks to build underground tunnels for its hyperloop transportation project.

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The company has also reused two of its uncrewed Dragon cargo ships to deliver NASA cargo to the International Space Station (one of them is in orbit right now) and is actively trying to capture the payload fairings - or nose cones - that shroud and protect satellites and other payloads during launch.

On Twitter, Musk proposed the idea of sending his cherry red Tesla Roadster into space aboard the Falcon Heavy megarocket - an idea that many took as a joke before he made it happen in February.

Musk also has some Earth-based plans for just the spaceship: carting humans around the planet at breakneck speeds. At the SXSW conference in Austin last month, Musk had informed that the construction of the first BFR rocket has already been started. He said that the BFR rocket will travel across the globe with lightning speeds and will fly people from NY to Shanghai in half an hour.

San Francisco:Elon Musk's Space Exploration Technologies Corp. will build its giant in-development rocket, nicknamed "BFR", at the Port of Los Angeles. "And we'll probably be able to do short flights, short up and down flights, during the first half of next year". The rent will cost SpaceX approximately $1.38 million per year, the Associated Press reported.

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