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General Information

Offices

Hawthorne, USA
1 Rocket Rd
Hawthorne, CA, 90250
USA

People

CEO and Chief Designer
CFO
CIO
President, COO & Board of Directors
VP of Launch and Test
Vice President of Quality
VP Mission Assurance
Vice President of Production
Show All People

Funding

TOTAL $245M
FUNDING TOTAL $245M
Seed, 3/2006
Elon Musk
$100M
Series A, 8/2008
Founders Fund
$20M
Partial Close, 3/2009
$15M
Series B, 8/2009
Draper Fisher Jurvetson (DFJ)
Scott Banister
DFJ Growth
$30.4M
Series C, 11/2010
Musket Research Associates
Draper Fisher Jurvetson (DFJ)
Founders Fund
$50M
Venture Round, 12/2012
Draper Fisher Jurvetson (DFJ)
Rothenberg Ventures
$30M

Competitors

Tags

Space Exploration Technologies

Space Exploration Technologies Corporation (SpaceX) is a space-transportation startup company founded by Elon Musk. It is developing the partially reusable launch vehicles Falcon 1 and Falcon 9. Originally based in El Segundo, SpaceX now operates out of Hawthorne, California, USA.

SpaceX was founded in June 2002 by Musk who had invested $100 million of his own money in the company as of March 2006. In January 2005, SpaceX bought a 10% stake in Surrey Satellite Technology Ltd.

SpaceX had 160 employees in November 2005, and more than 500 by July 2008. The launch crew in the Marshall Islands has 25 people, 6 in mission control. This small number, compared to similar space launch companies, is part of cost reduction. Musk sees other space-launch services’ high prices as supporting unnecessary bureaucracy. He’s stated that one of his goals is to improve the cost and reliability of access to space by a factor of ten.

Elon Musk stated after the failure of the third Falcon 1 flight attempt, “As a precautionary measure to guard against the possibility of flight 3 not reaching orbit, SpaceX recently accepted a significant investment. Combined with our existing cash reserves, that ensures we will have more than sufficient funding on hand to continue launching Falcon 1 and develop Falcon 9 and Dragon”; on August 4, SpaceX released further details; they had accepted a USD$20 million equity investment from the Founder’s Fund.

Founded in 2002, the SpaceX team now numbers over 500, located primarily in Hawthorne, California, with four additional locations: SpaceX’s Texas Test Facility in McGregor near Waco; offices in Washington DC; and launch facilities at Cape Canaveral, Florida, and the Marshall Islands in the Central Pacific.

Recent Milestones

Videos

Screenshots

Space Exploration Technologies screenshot
Above: Home Page
Uploaded: 3/15/10

Sources

  1. Citation Needed [add]
  2. spacex.com [edit]
  3. SEC (sec.gov) [edit]
  4. Draper via TC [edit]
  5. Investors Throw Another $50 Million Into SpaceX (techcrunch.com) [edit]
  6. DFJ Report [edit]
  7. SpaceX Wins NASA Contract to Complete Development of Successor to the Space Shuttle (spacex.com) [edit]
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Last Edited 3/27/14

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