Elon Musk Reveals 'Giant Party Balloon' Plan to Return SpaceX's Launched Rockets

SpaceX’s Valuation Surges to $25 Billion With New Funding Round

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"SpaceX has called the Port of Los Angeles home to our West Coast recovery operations since 2012, and we truly appreciate the City of Los Angeles' continued partnership", SpaceX President Gwynne Shotwell said in a statement.

"Officially announcing that SpaceX will start production development of the Big Falcon Rocket in the Port of L.A.", Los Angeles mayor Eric Garcetti said in a tweet on Monday.

SpaceX CEO Elon Musk is hoping to retrieve rocket upper stages after future launches. The plans must be approved by the board of harbor commissioners, however that approval is expected this upcoming Thursday.

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The BFR consists of two major parts: The bottom rocket booster, which is created to hoist the top portion, a towering spaceship, out of the Earth's atmosphere.

At the SXSW conference in Austin last month, Musk said construction of the first BFR spaceship was already under construction. SpaceX will now get down to the mammoth task of actually building the BFR and it now been confirmed that the company will do that in Los Angeles.

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.

UN Yemen Envoy: Missiles Launched at Saudi Arabia Hinder Peace
But Tehran has repeatedly denied arming the rebels, which would violate a United Nations weapons embargo slapped on Yemen in 2015. The war has killed more than 10,000 people, displaced more than 2 million and driven the country to the verge of starvation .

Musk has planned for a tunnel transit between the San Francisco Bay Area and Los Angeles, and also between NY and Washington D.C., the Boring Company has already started carving out the tunnel in the parking lot of SpaceX's in Hawthorne, California and now the Company is digging beneath the Los Angeles. 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. As per the reports, SpaceX will not have to pay the rent for the facility for more than two decades.

SpaceX also has plans for a waterfront launch site in the small village of Boca Chica, Texas.

Doctor Says Barbara Bush Faces Death with Courage
She was also known for her compassion, understanding that as a first lady she was in a unique position to create a lasting legacy. Bush suffers from congestive heart failure and chronic obstructive pulmonary disease.

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