LOS ANGELES—The privately funded space exploration group Virgin Galactic has signed a 150,000-square-foot lease at an industrial facility in Long Beach. The building will house and manufacture the company’s LauncherOne, a small satellite launch vehicle.

The LauncherOne was designed to launch government and commercial satellites under 500 pounds into space from the WhiteKnightTwo carrier. The new location in Long Beach will allow easy transportation of rockets and satellites through the carrier. According to Virgin Galactic CEO George Whitesides, the success of the LauncherOne has enabled the company to move production, research and storage into a dedicated facility. As part of the move, the company is also looking to augment its employee base, and will host a job fair on March 7.

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