Top 5 Best Space Companies In The World

Yash Gupta

Mar 12, 2022 — 4 min read

Technology is the current force in the 21st century. We survive in the world of technology and it is constantly making an impact in our life, that we are now aiming for space. A newspaper once said that "we live in the world, which is getting smaller day-by-day, because of the technologies and the improvement in them.

The 21st century is the 'Mother of Technologies' since scientists constantly improving space technologies and the hefty investment by entrepreneurs. Today, the world business market is dominated by technology-based entrepreneurs and their business ventures in space. Let’s look at top space companies in the world.

1. SpaceX
2. Boeing
3. Virgin Galactic
4. Sierra Nevada Corporation
5. Airbus Defence and Space

1. SpaceX

Elon Musk has made living the dream to create a colony on Mars and he is creating the dream via his company SpaceX. SpaceX is a private American aerospace manufacturer and space transport service company headquarters in Hawthorne, California. It has made over 100 launches on its manifest representing about $12 billion in contract revenue.

In June 2019, SpaceX started to raise $300 million of investment from Ontario Teachers Pension Plan, which has $191.1 billion in assets under management. It owns a test site in Texas and operates three launch sites, with another under development.

2. Boeing

The Boeing Company is an American multinational corporation that designs, manufactures, and sells aeroplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. It provides leasing and product support services.

It is one of the largest global aerospace manufacturers and is the world's fifth-largest defence contractor in the world. It is marching forward with Apollo-style CST-100, a seven-person capsule, which was fully unveiled in 2014. It was ranked US$93.3 billion in sales, ranked 24th on the Fortune Magazine Fortune 500 list in 2018 and ranked 19th on the "World Most Admired Companies list (2018).

3. Virgin Galactic

Virgin Galactic is one of the leading space companies in the world. It is a spaceflight company within the Virgin Group. It was founded in 2004 and has its headquarters in Mojave, California. It is developing commercial spaceflights for space tourists and suborbital launches for the space science mission. It also plans to provide orbital human spaceflights. The founder Richard Branson and 3 astronauts took a flight to the edge of space and back. The plane used for the flight was SpaceShipTwo.

In 2007, February, Virgin announced that they have signed a memorandum of understanding with NASA to explore the potential for collaboration but they have only received a small contract in 2011 of up to $4.5 million for research flights and also, launched an investment into the OneWeb Satellite Constellation, which provides world internet access service of WorldVu.

4. Sierra Nevada Corporation

This space tech company is a private American company which provides electronic systems providers and systems integrator specializing in microsatellites, telemedicine, and commercial orbital transportation services.

The company has contracts with the United States Armed Forces, NASA, and private spaceflights. It has 34 locations in 19 U.S states and rests in England, Germany, and Turkey. It was founded in 1963 by John Chisholm and was started as a small business with a few employees and later was acquired by Fatih and Eren Ozmen and became a multi-billion dollar company with thousands of employees. Its main business is the US Department of Defense and NASA contracts.

5. Airbus Defence and Space

A division of airbus, air defence, and space. It is responsible for defense and aerospace products and services. It has its headquarters in Ottoburnnin Germany. It was ranked as the 94th ranking at the Fortune Global 500 list in 2017 and was also named as one of the "World's Most Admired Companies".

It is structured into four business lines i.e. Military Aircraft, Space Systems, Communications, and UAS. The space systems are responsible for space exploration, space launch systems, missile defense, satellites, information solutions, strategic missiles, defence systems etc. as part of the services.