A new industrial zone, Space Coast Innovation Park, is being built at Space Coast Regional Airport in Titusville. A mystery space company, code-named Project Horseshoe, is considering a move into the future park. State officials estimate the park will create more than 900 jobs and boost the local aerospace industry. Land-clearing equipment is carving space to launch Space Coast Innovation Park, a future industrial zone that will span 1.1 million square feet of floorspace across 100 acres in its first two phases for aerospace and defense companies at Space Coast Regional Airport. Titusville Mayor Andrew Connors said during a ceremony Wednesday, Sept. 16, at Valiant Air Command's Warbird Event Center that the park represents opportunities for new businesses, high-paying careers, and advanced manufacturing, aerospace, defense, and innovation. Among those opportunities could be Project Horseshoe, an unnamed company that could invest as much as $230 million in new facilities at the airport. Planning for Space Coast Innovation Park has spanned more than four years. The park will be constructed in three phases, said Ryan Wood, Hines managing director of industrial development. Wednesday's groundbreaking commemorated the opening phase, which Wood said calls for three industrial buildings totaling about 640,000 square feet. Hines, an Atlanta national real estate firm, and Titusville-based Key Group are developing the park on leased land within the airport's federally licensed Exploration Spaceport. In August 2024, Florida Gov. Ron DeSantis visited the warbird museum to present the Titusville-Cocoa Airport Authority a $5.8 million state grant to help construct 3,200 feet of roadway for the industrial park. Crews are now clearing land for a new Challenger Avenue extension linking Grissom Parkway with the airport's Perimeter Road. Director of Airports Kevin Daugherty said the space industry needs more than a launch site. They need to manufacture, R&D, process payloads, train employees, and move assets. Meanwhile, scant information has been publicly released about Project Horseshoe, an undisclosed space infrastructure company that plans to expand its presence with new facilities in Brevard County. This mystery company — which is evaluating a possible move into the park — seeks bond financing for up to $200 million for facilities and $30 million in equipment and tooling, Space Florida agenda materials show. Project Horseshoe previously generated a quick mention during the Aug. 20 Titusville-Cocoa Airport Authority meeting. According to Daugherty's written director's report, staff continues coordinating with state and local economic development partners regarding Project Horseshoe, a significant aerospace opportunity being evaluated for Space Coast Innovation Park Phases 1 and 2. The project remains in the site-selection process, and the project team continues working through infrastructure, access, permitting, workforce, and funding considerations. Last week, the Space Florida board of directors authorized negotiations to enter into an engagement letter with Project Horseshoe for potential conduit financing. A financing resolution may return to the board later for final approval. Project Horseshoe is an early stage company, Space Florida Chief Investment Officer Ronald Lau said during the agency's Aug. 26 Investment Committee meeting. On July 14, the Titusville City Council transmitted comprehensive-plan amendments to help usher future development of Space Coast Innovation Park's Phase 3: a large tract of 354 airport-owned acres extending from State Road 407 eastward to Grissom Parkway.