In the 1990s, a rising entertainment industry helped revive a region devastated by the end of the Cold War aerospace downturn. Now the new space drones economy looks like it's going to save greater LA from entertainment industry jobs going off a cliff.
Los Angeles is the aerospace capital of the world.
11,000 new aerospace jobs added in LA County in the last two years.
$141k average salary.
Venture capital funding in LA-area defense tech surpassed $4 billion last year — more than double the prior year.
Greater LA is home to nearly one-third of the nation’s space technology companies and employs — contributing $35B annually to CA GDP.
SpaceX added nearly 4,000 new millionaires to the region last week.
Anduril just announced a $1 billion new campus in Long Beach, adding 5,500 jobs.
NASA JPL, Northrop Grumman, Rocket Lab, Relativity, Boeing, Raytheon are all within 30 miles of each other.