SpaceX

Space Exploration Technologies Corp.
SpaceX
Company typePrivate
Industry
FoundedMarch 14, 2002 (2002-03-14) in El Segundo, California, U.S.[1]
FounderElon Musk
Headquarters,
United States
Key people
Products
RevenueIncrease US$4.6 billion (2022)[4]
Negative increaseUS$559 million (2022)[4]
OwnerElon Musk (42% equity; 79% voting control)[5]
Number of employees
13,000+[6] (September 2023)
SubsidiariesSwarm Technologies
Websitespacex.com

Space Exploration Technologies Corp., commonly referred to as SpaceX, is an American spacecraft manufacturer, launch service provider, defense contractor and satellite communications company headquartered in Hawthorne, California. The company was founded in 2002 by Elon Musk with the goal of reducing space transportation costs and ultimately developing a sustainable colony on Mars. The company currently operates the Falcon 9 and Falcon Heavy rockets along with the Dragon and Starship spacecraft.

The company offers internet service via its Starlink satellites, which became the largest-ever satellite constellation in January 2020 and as of November 2023 comprised more than 5,000 small satellites in orbit.[7]

Meanwhile, the company is developing Starship, a human-rated, fully-reusable, super heavy-lift launch system for interplanetary and orbital spaceflight. On its first flight in April 2023, it became the largest and most powerful rocket ever flown. The rocket reached space on its second flight that took place in November 2023.

SpaceX is the first private company to develop a liquid-propellant rocket that has reached orbit; to launch, orbit, and recover a spacecraft; to send a spacecraft to the International Space Station; and to send astronauts to the International Space Station. It is also the first organization of any type to achieve a vertical propulsive landing of an orbital rocket booster and the first to reuse such a booster. The company's Falcon 9 rockets have landed and reflown more than 200 times.[8] As of December 2023, SpaceX has around $180 billion valuation.[9][10]

  1. ^ "Delaware Business Search (File # 3500808 – Space Exploration Technologies Corp)". Delaware Department of State: Division of Corporations. Archived from the original on 20 September 2016. Retrieved 1 February 2022.
  2. ^ "Who is Elon Musk, and what made him big? | Business| Economy and finance news from a German perspective". Deutsche Welle. 27 May 2020. Archived from the original on 28 May 2020. Retrieved 28 May 2020.
  3. ^ "Gwynne Shotwell: Executive Profile & Biography". Bloomberg L.P. Archived from the original on 16 July 2019. Retrieved 1 March 2017.
  4. ^ a b Maidenberg, Micah; Driebusch, Corrie; Jin, Berber (17 August 2023). "A Rare Look Into the Finances of Elon Musk's Secretive SpaceX". The Wall Street Journal. Archived from the original on 17 August 2023. Retrieved 17 August 2023.
  5. ^ Maidenberg, Micah; Higgins, Tim (5 September 2023). "Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition". The Wall Street Journal. Archived from the original on 6 September 2023. Retrieved 6 September 2023.
  6. ^ "Complaint for Declaratory and Injunctive Relief" (PDF). United States District Court for the Southern District of Texas. Archived (PDF) from the original on 20 September 2023. Retrieved 20 September 2023 – via courtlistener.com.
  7. ^ McDowell, Jonathan (18 May 2022). "Starlink Launch Statistics". planet4589. Archived from the original on 21 April 2021. Retrieved 27 June 2023.
  8. ^ "SpaceX". SpaceX. Archived from the original on 7 March 2011. Retrieved 27 June 2023.
  9. ^ LaRocco, Michael Sheetz, Lori Ann (13 December 2023). "SpaceX valuation climbs to $180 billion". CNBC. Retrieved 26 December 2023.{{cite web}}: CS1 maint: multiple names: authors list (link)
  10. ^ Krietzberg, Ian (14 December 2023). "One of Tesla Chief Elon Musk's other ventures is now worth $180 billion". TheStreet. Retrieved 26 December 2023.

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