South Bay company working on 22-story rocket

Just to give you an idea, the power coming out of this baby would only be rivaled by the Saturn V that went to the moon. It's being developed by Elon Musk's Space Exploration Technologies (otherwise known as SpaceX) that's based in Hawthorne. The rocket is being announced today at the National Press Club in Washington. From the LAT:

Musk's company is building the 227-foot-tall Falcon Heavy even though there are no guarantees that the military or NASA will step forward to pay for the rocket to lift its payloads -- or even astronauts -- into space someday. SpaceX hopes to launch it in a demonstration flight from Vandenberg Air Force Base, northwest of Santa Barbara, at the end of next year. The undertaking to be announced by Musk was hyped all last week on the Internet with a video laden with fiery blast-offs proclaiming "Something new is coming. 4.5.11." The 30-second clip highlighted SpaceX's recent launches, boasted that the work was done "at a fraction of the cost" and asked "What's next?"

Teaser video above has been on the Internet.