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SpaceX

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A SpaceX Falcon 9 rocket successfully lands on an ocean drone ship after delivering supplies to the International Space Station.

Space Exploration Technologies Corporation, doing business as SpaceX, is a private American aerospace and artificial intelligence company based at the Starbase development site in Starbase, Texas. Founded by Elon Musk in 2002, SpaceX aimed to make space travel more affordable and help create a self-sustaining colony on Mars. The company has achieved many important firsts in space technology, including building rockets that can fly again after launching.

In 2008, SpaceX's Falcon 1 rocket successfully reached orbit after three tries. Later, the company developed bigger rockets like the Falcon 9 and Falcon Heavy, and in 2015, they landed a rocket stage back on Earth for the first time. By 2017, they had flown the same rocket stage again, which helped lower the cost of space travel.

SpaceX also created Starlink, a group of satellites that provide internet service around the world. In 2020, they began flying people to space using their Dragon 2 capsules for NASA and other customers. Today, SpaceX is working on Starship, the largest rocket ever built, and continues to partner with NASA and the United States Armed Forces on many exciting space projects.

History

Main article: History of SpaceX

See also: List of Falcon 9 and Falcon Heavy launches

2001–2004: Founding

In 2001, Elon Musk met Robert Zubrin and gave money to his Mars Society. Musk talked about a plan to land a greenhouse on Mars. He tried to buy a rocket for this plan but could not. Musk decided to start his own company to build cheaper rockets. He wanted to use simple parts and new ideas to save money.

The first successful Falcon 1 launch in September 2008

Musk began looking for people to work for his company, which he named SpaceX. The office was in a building in El Segundo, California. By 2005, SpaceX had 160 workers. Musk met each one himself.

2005–2009: Falcon 1 and first orbital launches

Main article: Falcon 1

SpaceX built its first rocket, the Falcon 1. The first three launches failed, but the fourth launch worked. This helped SpaceX get money from NASA. After this, SpaceX stopped using the Falcon 1.

Launch of Falcon 9 carrying ORBCOMM OG2-M1, July 2014

2010–2012: Falcon 9, Dragon, and NASA contracts

SpaceX planned to build a bigger rocket called the Falcon 9. NASA helped by paying for some of the work. The first Dragon spacecraft flew in 2010 and returned to Earth successfully. In 2012, Dragon became the first private spacecraft to carry supplies to the International Space Station.

2013–2015: Commercial launches and rapid growth

SpaceX began launching rockets for other companies in 2013. In 2014, SpaceX got many new contracts and grew quickly.

Falcon 9 first stage on an autonomous spaceport drone ship (ASDS) barge after the first successful landing at sea, SpaceX CRS-8 mission

2015–2017: Reusability milestones

In 2015, SpaceX landed a rocket for the first time. In 2016, they landed a rocket on a special ship in the ocean. This made SpaceX very popular.

2017–2018: Leading global commercial launch provider

By 2017, SpaceX was one of the biggest companies for launching rockets. They had many plans for future launches.

Starship in launch position

2019–2025: Starship, first crewed launches, and Starlink

In 2020, SpaceX launched astronauts for NASA for the first time. In 2019, they began launching Starlink satellites to provide internet around the world. By 2022, they had many Starlink satellites in space.

2026–present: xAI acquisition and Terafab

In 2026, SpaceX bought an AI company called xAI. They plan to build space-based AI centers. They also started a project called Terafab with Tesla to build big factories for making computer chips.

DateAchievementFlight
September 28, 2008First privately funded, fully liquid-fueled rocket to reach orbit.Falcon 1 Flight 4
July 14, 2009First privately funded, fully liquid-fueled rocket to put a commercial satellite in orbit.Falcon 1 Flight 5
December 9, 2010First private company to successfully launch, orbit, and recover a spacecraft.SpaceX COTS Demo Flight 1
May 25, 2012First private company to send a spacecraft to the International Space Station (ISS).SpaceX COTS Demo Flight 2
December 22, 2015First landing of an orbital-class rocket's first stage on land.Falcon 9 Flight 20
April 8, 2016First landing of an orbital-class rocket's first stage on an ocean platform.SpaceX CRS-8
March 30, 2017First reuse and (second) landing of an orbital first stage.SES-10
First controlled flyback and recovery of a payload fairing.
June 3, 2017First reuse of a commercial cargo spacecraft.SpaceX CRS-11
February 6, 2018First private spacecraft launched into heliocentric orbit.Falcon Heavy test flight
March 2, 2019First private company to send a human-rated spacecraft to orbit.Crew Dragon Demo-1
March 3, 2019First private company to autonomously dock a human-rated spacecraft to the ISS.
July 25, 2019First flight of a full-flow staged combustion cycle engine (Raptor).Starhopper
November 11, 2019First reuse of a payload fairing.Starlink 2 v1.0
May 30, 2020First private company to send humans into orbit.Crew Dragon Demo-2
First private company to send humans to the ISS.
January 24, 2021Most spacecraft launched on a single mission, 143 satellites.Transporter-1
April 23, 2021First reuse of a crewed space capsule.SpaceX Crew-2 / Endeavour
First reused booster to send humans into orbit.
June 17, 2021First reused booster to launch a 'national security' mission.GPS III-05
September 16, 2021First orbital launch of an all-private crew.Inspiration4
November 24, 2021Longest streak of orbital launches without a mission failure or partial failure for a single rocket type (Falcon 9, 101 launches).Double Asteroid Redirection Test
April 9, 2022First all-private crew to dock with the International Space Station.Axiom Mission 1
October 20, 2022Highest number of launches of a single rocket type in a calendar year (Falcon 9, 48 launches).Starlink 4-36
April 20, 2023Tallest, most massive, most powerful rocket to ever launch.SpaceX Starship orbital test flight
March 14, 2024Starship reaches intended orbital velocity for the first time.SpaceX Starship integrated flight test 3
April 12, 2024A single Falcon 9 booster reused for the 20th time.Booster 1062
September 12, 2024First commercial spacewalkPolaris Dawn
October 13, 2024First Super Heavy booster catchStarship flight test 5
November 19, 2024First in space relight of a full-flow staged combustion cycle engine (Raptor).Starship flight test 6
May 27, 2025First reuse of a Super Heavy boosterStarship flight test 9

Hardware

The landing of a Falcon 9 Block 5 first stage at Cape Canaveral in July 2019. VTVL technologies are used in many of SpaceX's launch vehicles.

Main articles: Dragon 1 and Dragon 2

Main article: Starlink

Merlin 1D engine undergoes a test at SpaceX's Rocket Development and Test Facility in McGregor, Texas

SpaceX has built three main rockets. The small Falcon 1 rocket was their first but is no longer used. The Falcon 9 and the large Falcon Heavy are still flying today.

SpaceX also creates rocket engines like Merlin, Kestrel, and Raptor to power their rockets. They have made special spacecraft called Dragon to carry cargo and people to the International Space Station.

After launches, SpaceX sometimes catches the bottom part of their Falcons by landing them on ships in the ocean. They are also developing a new large rocket system named Starship.

Starlink is SpaceX's project to put many internet satellites in space. This helps give fast internet to people around the world. It began in 2015. Some scientists are concerned about how the satellites might change the night sky, but SpaceX is working to make them less bright. Starlink also has a version for military use and a smaller, portable antenna named the Starlink Mini.

Other projects

Main article: Hyperloop pod competition

SpaceX sponsored a Hyperloop competition in 2015, creating a short test track near its headquarters. The company held this competition each year from 2017 to 2019.

In 2020, SpaceX worked with doctors and researchers on a COVID-19 antibody-testing program. Over 4,300 employees volunteered to give blood samples for this important research.

In 2018, SpaceX helped build a small mini-submarine to support the rescue of children stuck in a flooded cavern in Thailand. Though the submarine was delivered, Thai authorities decided it wasn’t practical for the rescue.

Facilities

SpaceX office in Hawthorne, California at night during a Falcon 9 launch from Vandenberg Space Force Base

SpaceX is based at the SpaceX Starbase near Brownsville, Texas. That is where it builds and launches its Starship vehicle. Most of the company's work is done in Hawthorne, California. There, it makes Falcon rockets and Dragon spacecraft, and controls its missions.

The company also has a Starlink satellite factory in Redmond, Washington. It has a rocket test site in McGregor, Texas, and an office near Washington, D.C. SpaceX has launch sites in Florida, California, and Texas.

Contracts

Further informationon SpaceX launches: Falcon 1 § Launches, List of Falcon 9 and Falcon Heavy launches, and List of Starship launches

SpaceX has many important contracts to help send supplies and people into space. The company works with NASA to deliver cargo and crew to the International Space Station (ISS). It also helps the U.S. military launch important satellites.

In 2006, SpaceX got a contract from NASA to test new ways to carry cargo to the ISS. Later, SpaceX started carrying supplies to the space station regularly. In 2011, SpaceX began working on a new spacecraft called Dragon 2 to carry astronauts. In 2020, SpaceX launched its first crew of astronauts to the ISS, which was a big step for commercial space travel. The company also offers trips for private citizens who want to visit space.

SpaceX also works with the U.S. military. It helps launch satellites that are important for national security. The company continues to grow its role in both civilian and military space missions.

Launch market competition and pricing pressure

Main article: Space launch market competition

SpaceX has changed the space launch market with its low prices, especially for sending communications satellites to geostationary transfer orbit. Before 2013, companies like Arianespace (using the Ariane 5) and International Launch Services (using the Proton) handled most launches.

SpaceX’s Falcon 9 rocket cost only $56.5 million per launch to low Earth orbit, making it the cheapest choice. This made other companies lower their prices too.

SpaceX also ended the United Launch Alliance’s control over U.S. military launches. In 2015, ULA said it might need to change its plans to save money. SpaceX built the Falcon 9 rocket for about $390 million, far less than NASA’s guess of $4 billion for a similar rocket. By 2020, the U.S. had won 70% of the commercial launch market, partly because of SpaceX. Today, SpaceX also offers plans for small satellites, creating more competition in the launch industry.

Corporate affairs

In November 2022, SpaceX announced changes in its leadership team to get ready for big missions. The company is known for having a busy work environment, with long hours expected from its employees.

Some former employees have talked about their concerns regarding the company's culture. There have been discussions about how the company deals with complaints and rules. These are complex topics and are still part of public talks about the company.

YearRevenue
(billion USD)
Valuation
(billion USD)
Number of employees
2002ca. 30
2003
2004
2005ca. 90 (Feb.)
ca. 160 (Nov.)
2006
2007ca. 350 (Aug.)
2008ca. 600 (Dec.)
2009> 800 (Dec.)
2010> 1,000 (Jun.)
2011ca. 1,300 (Jan.)
20122.4 (Jun.)ca. 1,800 (May)
2013ca. 3,800 (Oct.)
201410 (Aug.)
201512 (Jan.)
201615 (Nov.)ca. 5,000 (Nov.)
201721 (Nov.)ca. 7,000 (Nov.)
201827 (Apr.)
201933 (May)> 6,000 (Jul.)
2020$1.846 (Aug.)
2021$2.374 (Feb.)
100 (Oct.)
> 9,500 (Mar.)
2022$4.6127 (Aug.)ca. 12,000 (Apr.)
2023 $9137 (Jan.)
180 (Dec.)
> 13,000 (Sep.)
2024 $13.1350 (Dec.)
2025$15.5400 (Jul.)
800 (Dec.)
20261000 (Jan.)
1250 (Feb.)
SpaceX board of directors as of January 2021
Joined boardNameTitles
2002Elon MuskFounder, chairman, CEO and CTO of SpaceX; CEO, Product Architect, and former chairman of Tesla; former chairman of SolarCity
2002Kimbal MuskBoard member, Tesla
2009Gwynne ShotwellPresident and COO of SpaceX
Luke NosekCo-founder, PayPal
Steve JurvetsonCo-founder, Future Ventures fund
2010Antonio GraciasCEO and Chairman of the Investment Committee at Valor Equity Partners
2015Donald HarrisonPresident of global partnerships and corporationorate development, Google

Images

Astronauts Douglas Hurley and Robert Behnken practice for their space mission at NASA's Kennedy Space Center.
Elon Musk attending a memorial service at State Farm Stadium.
A SpaceX Falcon 9 rocket launches carrying the Dragon spacecraft, sending astronauts into space from Kennedy Space Center.
The SpaceX Cargo Dragon spacecraft leaving the International Space Station after delivering supplies to astronauts.
A SpaceX drone ship called 'Just Read the Instructions' positioned in the Atlantic Ocean, ready to support a rocket landing after launch.
A view of Starlink satellites orbiting Earth, part of SpaceX's mission to provide global internet coverage from space.
A view of the Boca Chica Rocket Factory where SpaceX develops its Starship spacecraft.

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