SpaceX - Stop Thinking, Start Launching

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Love the word 'space'? Passionate about astronauts? Like newly designed products? Interested in the new missions? Want to gain knowledge about the launching of rockets? Technology is evolving that is why modern things are getting optimised. Revolution is a major change. Space technologies are getting replaced by one another.

SpaceX is a private aerospace company. It was launched in the year 2002. It is a very successful startup. It is one among the list of multibillion-dollar startups. It designs, manufactures and launches all advanced and innovative space rockets. As the transportation cost to space is very high the company concentrates, especially in space transportation. Read the SpaceX success story below.

SpaceX - Company Highlights

Startup Name SpaceX
Headquarters Hawthorne, California, US
Sector Space tech and Manufacturing
Founder Elon Musk
Founded 6 May, 2002
Parent Organization Elon Musk Trust

SpaceX - About
SpaceX - Startup Story
SpaceX - Founder And Team
SpaceX - Logo
SpaceX - Business Model
SpaceX - Revenue Model
SpaceX - Funding and Investors
SpaceX - Growth
SpaceX - Competitors
SpaceX - Future Plans

SpaceX - About

Space Exploration Technologies Corp. is trading as SpaceX. It is an American aerospace manufacturer and space transportation services company. It is a strong brand now. It is a well known and well-established company. Elon Musk is the man behind the company's prominence. They started with a mission to reduce space transportation cost as those are very high. They have developed various launching vehicles. It is the first private company known to all to send a spacecraft to the International Space Station in the year 2012. It is also the first private company to reuse an orbital rocket. The company is significantly advancing in space technology.

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SpaceX - Startup Story

Elon Musk is an entrepreneur. He started the private company with hopes of revolutionizing the aerospace industry and making affordable spacecraft into a reality. In the beginning, the company started in a 75,000 square feet warehouse in El Segundo, California. 15 months after the company started there was a plan to launch Falcon 1 in November 2003. In the year 2009, SpaceX announced the opening of its Astronaut Safety and Mission Assurance Department. They also hired Ken Bowersox. He is a former NASA astronaut. He was appointed as the Vice President of the company to look after the new department.

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SpaceX - Founder And Team

Elon Musk is an engineer, technology entrepreneur, industrial engineer, philanthropist. He is the founder and CEO and chief designer of SpaceX. He looks after the development of rockets and spacecraft specially designed for the missions to Earth's orbit and also to other planets. He was born in the year 1971 28th June. Now he is 49 years old. Adding to all these he is also the non-executive chairman and principal shareholder of SolarCity. SolarCity is a company who is presently the leading provider of solar power systems in the United States.

Elon Musk, CEO, Founder, SpaceX
SpaceX Logo

SpaceX - Business Model

The company has got a special customer segment. SpaceX offers a deal to the public and private organisations that they want to transport items to space. Projects like commercial satellite launch, space station resupply and government national security missions are included here. The company have created accessibility to space travel which is relatively inexpensive. This idea has enabled opportunities to many organisations looking for exploration.

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SpaceX - Revenue Model

The company has got a value-driven structure. The main motive of the company is to provide a proposition through product enhancements and private service. The largest cost-driven area of the company is the cost of the raw materials. Other major areas are development, research, marketing and sales. SpaceX earns through its branded T-shirts and accessories. Products have got a wide range of varieties available on the company's website as well as in the stores. Sales of the satellites, rockets and merchandise which it manufactures are a part of revenue as well.

Branded T-shirts, SpaceX

SpaceX - Funding and Investors

SpaceX has raised a total amount of $3.5 billion over 27 rounds.

Date Transaction Name Money Raised Lead Investor
August 18, 2020 Venture Round $1.9 billion -
May 26, 2020 Venture Round $346.2 million -
April 6, 2020 Secondary Market - -
October 3, 2019 Grant $3 million NASA
August 9, 2019 Secondary Market - -
June 27, 2019 Venture Round - Ontario Teacher's Pension Plan
May 24, 2019 Venture Round $535.7 million -
December 19, 2018 Series J $486.2 million Baillie Gifford
November 20, 2018 Debt Financing $250 million Bank of America

SpaceX is funded by 30 investors. Legendary Ventures is the most recent investor.

SpaceX - Growth

In the year 2019, the company launched 2 NASA astronauts. In the launching part, significant progress is seen. In the year 2020, they want to launch 15 commercial missions with an average revenue of $80 million per launch. If this is the scenario, then the company will be seeing revenue of $1.2 billion in this year 2020. As per the latest reports valuation can go and stand at $7 billion by 2024. By the year 2025, projects will be valued at over $30 billion.

SpaceX - Competitors

The top competitors of the company are Boeing, Blue Origin and Virgin Galactic.

  • Boeing is one of the top competitors of SpaceX. The company was founded in Chicago, Illinois in the year 2016. This company generates more revenue than SpaceX.
  • Blue Origin is the #2 competitor of SpaceX. It is headquartered in Washington. This company competes with SpaceX in the Aerospace industry. It has got fewer employees than SpaceX.
  • Virgin Galactic is the #3 competitor of SpaceX. It is headquartered in New Mexico and was founded in the year 2004.

SpaceX - Future Plans

Life on Mars is still a dream of many scientists and common people. There are people in the world who want to wake up in the morning and listen, "life on Mars is possible!" For such people as well as for the company Elon Musk has plans to send a rocket to Mars with cargo only by the year 2022. They want to build a city on Mars. For the year 2024, he has plans to send crew along with the cargo to Mars. And by 2050, he wants to send millions of people to the planet Mars.

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About Purbalee Dutta

I am a content writer. Delivering information about various companies is my supreme goal. I write in a way which makes me as well as my audiences feel a unique connection.
  • Siliguri, West Bengal
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