Florida Governor Ron DeSantis on Friday announced a $600 million expansion of Blue Origin's Rocket Park campus in Cape Canaveral.
The expansion comes as Blue Origin rival, Elon Musk's SpaceX, prepares to go public targeting a valuation of $1.75 trillion.
Here are a few details on the expansion:
The new 830,000-square-foot upper stage manufacturing facility will support 500 aerospace jobs, with an average salary of more than $98,000.
"Project Horizon is the latest and most ambitious chapter in Blue Origin's decade-long commitment to Florida," Blue Origin CEO Dave Limp said in a statement.
Since 2015, Blue Origin has scaled to nearly 4,000 employees and invested more than $2.3 billion across 500 Florida suppliers, Limp said.
The project will receive support through the Spaceport Improvement Program, a partnership between Space Florida and the Florida Department of Transportation, that has funded Blue Origin's new pad at Launch Complex 36.
Blue Origin, which is billionaire Jeff Bezos' space company, is currently the only company that manufactures and launches rockets from Florida.
In April, federal aviation regulators ordered Blue Origin to investigate the upper-stage malfunction of its New Glenn rocket during a failed satellite launch from Florida.
