Best Space Tech Companies In The World

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. 21st century is the 'Mother of Technologies' since the scientists constantly improving the space technologies and the hefty investment by the entrepreneurs. Today, the world business market is dominated by technology-based entrepreneurs and their business ventures in space. Let us see the complete story on the topic- Best Space Tech Companies In The World.

SpaceX
Boeing
Virgin Galactic
Sierra Nevada Corporation
Airbus Defence and Space

Space Tech Companies

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
Hawthrone, 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.


Also Read: Elon Musk : Billionaire CEO of SpaceX and Tesla[A Case Study]


2. Boeing

The Boeing Company is an American multinational corporation that
designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites,
telecommunications
equipment, and missiles worldwide. It provides leasing and product support
services. It is one of the largest global aerospace manufactures and is the world's

fifth-largest defense contractor in the world. It is marching forward with Apollo-
stylee 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).


Also Read: SpaceX to send Billionaire Yusaku Maezawa on First Private Voyage to the Moon


3. Virgin Galactic

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 to space tourists and suborbital launches for the space science
mission. It also plans to provide orbital human spaceflights. 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

It 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 defense, 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, and defense systems etc as part of the services.

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About Yash Gupta

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