#1 out of 5
business1d ago
Startup Varda Space Industries snags former Mattel plant in El Segundo
- Varda Space Industries has leased a large El Segundo site formerly used by Mattel to expand its spacecraft production capacity.
- The Mattel facility near Los Angeles is the latest anchor for Varda's growing space-tech campus.
- El Segundo remains a hub for aerospace and defense, near major contractors and Space Systems Command.
- Varda co-founder Will Bruey, a former SpaceX avionics engineer, leads the startup’s scaling efforts at the new site.
- Varda plans additional office consolidation within its growing El Segundo campus as production expands.
- Varda expects to complete construction of new facilities by the end of next year with multiple missions planned through 2028.
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