Launch provider SpaceX has signed a new lease agreement with the city of McGregor in Texas to more than double its rocket development facility. SpaceX has received more than $2.5 billion in launch contracts that need to be carried out over the next few year, $1.6 billion of which are with NASA to fly at least 12 missions.

"McGregor is going to be a very busy place'' says SpaceX chief executive and chief technology officer Elon Musk. SpaceX will now be leasing 255Ha (631 acres) for its test facility.

Source: Flight International