SpaceX

Avinash Kumar
4

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 to colonize Mars. The company currently operates the Falcon 9 and Falcon Heavy rockets along with the Dragon spacecraft.

Space Exploration Technologies Corp.
Trade name
SpaceX
TypePrivate
Industry
  • Space
  • Telecommunications
  • Launch service provider
FoundedMarch 14, 2002; 21 years ago in El Segundo, California, U.S.[1]
FounderElon Musk
Headquarters
Hawthorne, California
United States
Key people
  • Elon Musk (CEO, Chair & CTO)
  • Gwynne Shotwell (President & COO)
Products
  • Launch vehicles
  • Dragon capsules
  • Starlink satellite internet
RevenueIncrease US$4.6 billion (2022)
Net income
Negative increase −US$559 million (2022)
OwnerElon Musk (42% equity; 79% voting control)
Number of employees
13,000+(September 2023)
SubsidiariesSwarm Technologies
Websitespacex.com

The company offers internet service via its Starlink satellites, which became the largest-ever satellite constellation in January 2020 and as of June 2023 comprised more than 4,300 small satellites in orbit.Starlink was also notably used in the war in Ukraine.

Meanwhile, the company is developing Starship, a human-rated, fully-reusable, super heavy-lift launch system for interplanetary and orbital spaceflight. On its failed first flight in April 2023, it became the largest and most powerful rocket ever flown.

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.


SpaceX's first rocket was the Falcon 1, a two-stage liquid-fueled craft designed to send small satellites into Earth orbit.

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