Space Florida preps for small satellite launches at Cape Canaveral

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    Space Florida is taking its plans to capitalize on the growing small rocket business seriously.

    Florida’s economic development agency for the aerospace industry inked a deal with the U.S. Air Force for Space Launch Complex 20 at the Cape Canaveral Spaceport. Merritt Island-based Space Florida’s deal will let it fast-track site assessment in anticipation of entering a lease with the U.S. Air Force to enable redevelopment of the launch complex for commercial small satellite launch.

    “The redevelopment of [Space Launch Complex 20] continues to expand Florida’s commercial launch capacity for the rapidly growing small satellite launch segment,” said Space Florida President Frank DiBello in a prepared statement. “As more of the Cape Canaveral Spaceport’s available infrastructure and real estate becomes occupied, Space Florida’s ability to offer market-based development and a commercial leasing structure for key assets provides value to both launch operators and the state of Florida.”