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Hypersonic aircraft company moves headquarters from Atlanta to El Segundo

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Hypersonic aircraft company moves headquarters from Atlanta to El Segundo

Aerospace startup Hermeus is moving its headquarters to El Segundo from Atlanta as it aims to build autonomous hypersonic aircraft for the military, the latest sign of revival in the region’s aerospace and defense sectors.

The company, valued at $1 billion, is opening executive offices and a facility where it will design and build its next prototype, a supersonic plane intended to hit Mach 3 — faster than any modern warplane.

The company’s goal is to eventually develop a hypersonic plane reaching Mach 5, or five times the speed of sound, and Southern California has the engineering talent base to help achieve that, executives said.

“Building a lot of aircraft developmentally very quickly, doing iterative developments, it really doesn’t exist anywhere out in the world other than SpaceX — and we’ve recruited a lot of talent from there over the years,” said co-founder and Chief Executive AJ Piplica, a Georgia Tech alumnus.

“We’re now at a point in the company’s trajectory where we are scaling what the team can do,” he added.

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Elon Musk founded SpaceX in El Segundo 24 years ago and later moved its operations to Hawthorne, where the company still maintains a large campus despite relocating its headquarters to Texas in 2024.

El Segundo and other South Bay cities have witnessed explosive growth in recent years, with scores of startups in aerospace and defense tech — many founded by former SpaceX employees.

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Hermeus announced its move Tuesday at the same time it disclosed its latest $350-million funding round, which it said values the company at $1 billion.

The round was led Khosla Ventures, founded by prominent Silicon Valley venture capitalist Vinod Khosla. Other participants included billionaire Peter Thiel‘s Founders Fund.

Sam Altman, the CEO and co-founder of OpenAI, led a prior $100-million funding round in 2022. The company said it has now raised $500 million in equity and debt.

Hypersonic planes and weapons are at the cutting edge of military research and development. China and Russia have developed the weapons, which are viewed as strategic threats, with Russia deploying them in Ukraine.

Missile development also is taking place in the United States, including at legacy defense contractors Northrop Grumman and Lockheed Martin, as well as Torrance startup Castelion.

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Hermeus is developing supersonic and hypersonic aircraft that are not only autonomous but also reusable, like any modern jet. The aircraft would have multiple uses, including as a strike fighter, conducting reconnaissance and transporting cargo.

“What we are building here is not just an airplane, it is a platform,” Piplica said.

The company, founded in 2019, flew its first prototype, Quarterhorse Mk 1, in May 2025 during a short low-speed flight at Edwards Air Force Base in the Mojave Desert.

Hermeus' headquarters in El Segundo.

Hermeus’ headquarters in El Segundo. The aerospace firm has begun moving into its 67,000-square-foot offices and will take full occupancy early next year.

(Hermeus)

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It flew its first second aircraft in February at Spaceport America over White Sands Missile Range airspace in New Mexico. The Quarterhorse Mk 2.1 plane is three times larger than the initial prototype and about the size of an F-16. The goal is to reach supersonic speeds.

Hermeus plans to continue testing aircraft at the isolated missile range, where it can fly faster while not endangering structures or anyone on the ground.

Since 2021, the firm has operated out of a 110,000-square-foot facility in Atlanta, where it has its offices as well as design and production operations.

It will retain the site and use the entire space for production.

Georgia is the home of multiple aerospace manufacturing facilities, including Northrop Grumman.

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“That talent base [in Georgia] is extremely aligned to large-scale aerospace manufacturing. Prototyping is a whole different world — different skill sets, different capabilities,” said Piplica, who had been an executive at Atlanta hypersonic research company Generation Orbit before co-founding Hermeus.

The aerospace firm has begun moving into its 67,000-square-foot offices at 888 North Douglas St. in El Segundo and will take full occupancy early next year. The Southern California operation will employ more than 200 people by next year, adding hundreds more in the coming years, executives said. Hermeus currently employs about 300.

The company is currently building its third Quarterhorse aircraft, which it expects will fly faster than Mach 2, in the Atlanta facility. It is expected to fly later this year. The fourth Quarterhorse will be built in El Segundo — with the goal of hitting Mach 3. It should fly next year with the military showing interest in a plane flying at that speed, Piplica said. .

Its hypersonic plane, designed for defense and national security missions, is farther off and dubbed the Darkhorse. Reaching Mach 5 involves the use of a so-called ramjet, which is similar to a traditional jet engine but doesn’t have any moving parts.

Hermeus does engine testing in Jacksonville, Fla., and has engineering offices in Hawthorne that it plans to retain.

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In El Segundo, it’s leasing space in two buildings in a 30-acre complex Hackman Capital Partners acquired from Northrop Grumman in 2017 and spent $100 million making over into modern offices.

The complex includes the West Coast offices of L’Oreal USA, the headquarters of alternative protein company Beyond and labs that El Segundo aerospace company Varda Space Industries recently subleased from Beyond.

El Segundo Mayor Chris Pimentel said the city helped market the Hermeus space.

“We spoke loudly about the opportunity over there for a couple different players. I thought frankly that Hermeus had passed us by and that they were going to stay in Atlanta, so we’re delighted,” he said.

The city counts more than 40 aerospace and tech companies as having headquarters or major operations in El Segundo. In addition to contractors Boeing and Northrop Grumman, they include startups Picogrid and Sift. There are other companies, including suppliers.

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David Ellison hits CinemaCon, vowing to make more movies with Paramount-Warner Bros.

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David Ellison hits CinemaCon, vowing to make more movies with Paramount-Warner Bros.

Paramount Skydance Chief Executive David Ellison made his case directly to theater owners Thursday, pledging to release a minimum of 30 films a year from the combined Paramount and Warner Bros. Discovery company during a speech at the CinemaCon trade convention in Las Vegas.

“I wanted to look every single one of you in the eye and give you my word,” Ellison said in a brief on-stage speech, adding that Paramount has already nearly doubled its film lineup for this year with 15 planned releases, up from eight in 2025.

He also said all films will remain in theaters exclusively for 45 days, starting Thursday. Films will then go to streaming platforms in 90 days. The amount of time that films stay in theaters — known as windowing — has been a controversial topic for theater owners, as some studios reduced that period during the pandemic. Theater operators have said the shortened window has trained audiences to wait to watch films at home and cuts into theater revenues.

“I have dedicated the last 20 years of my life to elevating and preserving film,” said Ellison, clad in a dark jacket and shirt with blue jeans. “And at Paramount, we want to tell even more great stories on the big screen — stories that make people think, laugh, dream, wonder and feel — and we want to share them with as broad an audience as possible.”

Ellison’s CinemaCon appearance comes as more than 1,000 Hollywood actors and creatives have signed a letter opposing Paramount’s proposed acquisition of Warner Bros. Supporters of the letter have said the deal would reduce competition in the industry and “further consolidate an already concentrated media landscape.”

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Some theater operators have also questioned whether the combined company could achieve its goal of releasing 30 films a year, particularly after the cost cuts that are expected after the merger closes.

“People can speculate all they want — but I am standing here today telling you personally that you can count on our complete commitment,” Ellison said. “And we’ll show you we mean it.”

The speech came after a star-studded video directed by “Wicked: For Good” director Jon M. Chu that was shot on the Paramount lot on Melrose Avenue and showcased directors and actors including Issa Rae, Will Smith, Chris Pratt, James Cameron and Timothée Chalamet that are working with the company.

The video closed with “Top Gun” actor Tom Cruise perched atop the Paramount water tower.

“As you saw, the Paramount lot is alive again,” Ellison said after the video. “And we could not be more excited.”

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Video: Why Your Paycheck Feels Smaller

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Video: Why Your Paycheck Feels Smaller

new video loaded: Why Your Paycheck Feels Smaller

Ben Casselman, our chief economics correspondent, explains why wages are not keeping up with inflation and what that means for American workers and the economy.

By Ben Casselman, Nour Idriss, Sutton Raphael and Stephanie Swart

April 18, 2026

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Civil case against Alec Baldwin, ‘Rust’ movie producers advances toward a trial

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Civil case against Alec Baldwin, ‘Rust’ movie producers advances toward a trial

Nearly two years after actor Alec Baldwin was cleared of criminal charges in the “Rust” movie shooting death, a long simmering civil negligence case is inching toward a trial this fall.

On Friday, a Los Angeles Superior Court judge denied a summary judgment motion requested by the film producers Rust Movie Productions LLC, as well as actor-producer Baldwin and his firm El Dorado Pictures to dismiss the case.

During a hearing, Superior Court Judge Maurice Leiter set an Oct. 12 trial date.

The negligence suit was brought more than four years ago by Serge Svetnoy, who served as the chief lighting technician on the problem-plagued western film. Svetnoy was close friends with cinematographer Halyna Hutchins and held her in his arms as she lay dying on the floor of the New Mexico movie set. Baldwin’s firearm had discharged, launching a .45 caliber bullet, which struck and killed her.

The Bonanza Creek Ranch in Santa Fe, N.M. in 2021.

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(Jae C. Hong / Associated Press)

Svetnoy was the first crew member of the ill-fated western to bring a lawsuit against the producers, alleging they were negligent in Hutchins’ October 2021 death. He maintains he has suffered trauma in the years since. In addition to negligence, his lawsuit also accuses the producers of intentional infliction of emotional distress.

Prosecutors dropped criminal charges against Baldwin, who has long maintained he was not responsible for Hutchins’ death.

“We are pleased with the Court’s decision denying the motions for summary judgment filed by Rust Movie Productions and Mr. Baldwin,” lawyers Gary Dordick and John Upton, who represent Svetnoy, said in a statement following the hearing. “He looks forward to finally having his day in court on this long-pending matter.”

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The judge denied the defendants’ request to dismiss the negligence, emotional distress and punitive damages claims. One count directed at Baldwin, alleging assault, was dropped.

Svetnoy has said the bullet whizzed past his head and “narrowly missed him,” according to the gaffer’s suit.

Attorneys representing Baldwin and the producers were not immediately available for comment.

Svetnoy and Hutchins had been friends for more than five years and worked together on nine film productions. Both were immigrants from Ukraine, and they spent holidays together with their families.

On Oct. 21, 2021, he was helping prepare for an afternoon of filming in a wooden church on Bonanza Creek Ranch. Hutchins was conversing with Baldwin to set up a camera angle that Hutchins wanted to depict: a close-up image of the barrel of Baldwin’s revolver.

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The day had been chaotic because Hutchins’ union camera crew had walked off the set to protest the lack of nearby housing and previous alleged safety violations with the firearms on the set.

Instead of postponing filming to resolve the labor dispute, producers pushed forward, crew members alleged.

New Mexico prosecutors prevailed in a criminal case against the armorer, Hannah Gutierrez, in March 2024. She served more than a year in a state women’s prison for her involuntary manslaughter conviction before being released last year.

Baldwin faced a similar charge, but the case against him unraveled spectacularly.

On the second day of his July 2024 trial, his criminal defense attorneys — Luke Nikas and Alex Spiro — presented evidence that prosecutors and sheriff’s deputies withheld evidence that may have helped his defense . The judge was furious, setting Baldwin free.

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Variety first reported on Friday’s court action.

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