India, Sept. 3 -- President Donald Trump has announced that U.S. Space Command - one of the Defense Department's 11 unified combatant commands - would be relocating from Peterson Space Force Base, Colorado, to the Army's Redstone Arsenal in Huntsville, Alabama.

"I am thrilled to report that the U.S. Space Command headquarters will move to the beautiful locale of a place called Huntsville, Alabama," the president said during a press conference at the White House Tuesday.

He joked that Huntsville will be known as 'Rocket City' from this point forward.

Trump said the move will result in more than 30,000 jobs for the state of Alabama, as well as hundreds of billions of dollars in investments.

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