CesiumAstro tees up $7M makeover for business park once at center of Velocis dispute

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CesiumAstro founder and CEO Shey Sabripour (CesiumAstro) CesiumAstro is dropping $6.6 million to remodel its 270,000-square-foot, three-building headquarters in Bee Cave, a suburb 12 miles west of Downtown Austin. The space communications company was founded in 2017 by Shey Sabripour, a veteran of defense giant Lockheed Martin and fellow Austin-based space startup Firefly, and finalized a deal to purchase the 23-acre property from developer Velocis on March 4 following a yearslong controversy over the kind of operations that would be permitted at the facility. CesiumAstro filed plans with the Texas Department of Licensing and Regulation to renovate building two. Construction will begin Jan. 4, according to the filing, and finish by Aug. 31.