SpaceX spinoffs launch El Segundo into economic orbit

Article excerpt

SpaceX's explosive growth is transforming El Segundo, California, the aerospace hub where Elon Musk's rocket company operates. As of Friday, SpaceX ranks among the planet's richest companies, and that wealth is radiating outward through spinoffs and related ventures that are reshaping the local economy. The article explores how the company's success is lifting surrounding businesses, from suppliers to service providers, creating a ripple effect through the community. El Segundo, long synonymous with aerospace innovation, is experiencing a new economic boom tied directly to SpaceX's ascent.