What we know about SpaceX

The world’s first space tourist, Dennis Tito, visited the International Space Station (ISS) in 2001. Now, at age 83, he wants to go back and has already signed a contract with the SpaceX company. With a lot of time on his hands in retirement, the billionaire made a Starship reservation for a flight around the Moon sometime in 2025. 

How did SpaceX get here? Here is a rundown of the company that wants to revolutionize the aerospace industry and make spaceflight affordable.

Company profile 

How Netflix is reinventing the TV industry
  • Industry: Space, communications
  • Founder: Elon Musk
  • Founded: March 14, 2002
  • Headquarters: Hawthorne, California, United States
  • SpaceX company net worth: $127 billion (funding round in May 2022)
  • Annual revenue: $2 billion
  • No. of employees: 12,000
  • There are multiple SpaceX company locations, with seven offices in four states and four launch facilities (Cape Canaveral, Vandenberg Space Force Base, Kennedy Space Complex, and Brownsville South Texas Site). 

    SpaceX is still private, and Elon Musk has no plan to sell the SpaceX company stock.

    Corporate affairs and leadership

    You already know who owns the SpaceX company – Elon Musk. He is the founder, chairman, CEO, and CTO. But there are other key people within the organizations, such as president and COO Gwynne Shotwell and vice president Mark Juncosa that oversee facilities and operations.

    There are seven people on the board of directors, the most notable ones being Elon’s brother Kimbal Musk and the co-founder of PayPal Luke Nosek.

    History of SpaceX

    SpaceX’s timeline can be divided into seven periods:

    • 2001-2004: Musk joined Mars Society’s board of directors in 2001, which revived his interest in space exploration. Within a year, he started looking for staff and launched the company. 
    • 2005-2009: SpaceX’s first orbital launch vehicle, the Falcon 1, made five trips from 2006 to 2009. The first three were failures. 
    • 2010-2012: The company headed in a new direction with a prototype of the Falcon 9, a reusable heavier lift vehicle.
    • 2013-2015: The first commercial launch was in 2013, and the company first saw a rapid growth in contracts. The Falcon 9’s first major failure was in 2015. 
    • 2015-2017: The Falcon had a successful landing on the autonomous spaceport drone ship in 2015. SpaceX returned to flight two years later, and the Falcon 9 went back to space.
    • 2017-2018: By early 2018, SpaceX had over 100 launches.
    • 2019-present: The Starship and Starlink projects began in 2019, and the company successfully launched two NASA astronauts in 2020. Now, there are discussions with the European Space Agency about using the launchers instead of Russia’s Soyuz. 

    SpaceX company mission and culture

    SpaceX’s ultimate goal is to escape the aftermath of overpopulation and depleting natural resources. Musk believes the solution is enabling people to live on other planets.

    Press Go and let the wheel choose your article of the day!

    The SpaceX company culture is based on the drive to solve complex problems as a team, challenge established processes, and transform failures into learning opportunities. Being around innovative thinkers is also seen as a plus. 

    10 companies whose stocks we are closely watching in 2022

    However, employees expressed frustration about the lack of diversity, equity, and inclusion. Also, there have been reports about management “not understanding that employees have lives outside of work”.

    Trader’s level test
    Answer 7 short questions and define your level as a trader. Take the test now to evaluate your real knowledge!
    Start test

    Hardware: spacecrafts, Starship, Starlink

    The company’s initial focus was launch vehicles and rocket engines. Its flagship launchers are the medium-lift Falcon 9 and the heavy-lift Falcon Heavy, both operational for Low Earth orbit. The rocket engine portfolio consists of Merlin, Kestrel, and Raptor. 

    The Dragon 2 and the Dragon XL were developed to transport cargo and crew to the ISS, and the autonomous spaceport drone ships were developed as landing sites for rockets after orbital launches. 

    Starship is SpaceX’s latest super-heavy-lift launch vehicle. The most striking innovation is that it’s fully reusable. 

    Starlink is an internet constellation of 4,425 cross-linked communications satellites with over 500,000 subscribers. 

    What’s next for SpaceX

    SpaceX’s plans and priorities for 2023 are: 

    • Up to 100 launches
    • Connecting mobile phones to LEO satellites
    • A crewed lunar flyby with Yusaku Maezawa
    • The first commercial spacewalk
    • Polaris Dawn, the ninth crewed flight of the Crew Dragon

    So, it seems like SpaceX will be pushing its most successful projects even further.

    Copy link
    Link copied
    4 min
    Top 10 IT companies in the world
    3 min
    5 things you definitely didn’t know in the unbelievable success story of Airbnb
    4 min
    Microsoft innovative relay cycle (M-IRC): 5 lessons to learn
    5 min
    What Alibaba does differently to make its magic
    6 min
    The ascent and decline of WeWork – how WeWork became “WeCrash”
    2 min
    Otherside: a new metaverse from Bored Ape Yacht Club creators

    Open this page in another app?

    Cancel Open