Back to Mobile View
Subscribe to the CrunchBase Daily for the latest on Fundings, Acquisitions, and Startup Events

General Information


Hawthorne, USA
1 Rocket Rd
Hawthorne, CA, 90250


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


Seed, 3/2006
Elon Musk
Series A, 8/2008
Founders Fund
Partial Close, 3/2009
Series B, 8/2009
Draper Fisher Jurvetson (DFJ)
Scott Banister
DFJ Growth
Series C, 11/2010
Musket Research Associates
Draper Fisher Jurvetson (DFJ)
Founders Fund
Venture Round, 12/2012
Draper Fisher Jurvetson (DFJ)
Rothenberg Ventures



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



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


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

Revision History RSS Picture


Share this page on Twitter or Facebook:
Or copy this code to embed a widget: customize ยป

TechCrunch Posts TechCrunch Logo Small Picture

External Links

CrunchBase API


Become a Sponsor
Terms of Service | Privacy Policy | Licensing Policy