Overview

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Total Equity Funding
$1.15B in 7 Rounds from 11 Investors
Most Recent Funding
$1B Series E on January 20, 2015
Headquarters:
Hawthorne, CA
Description:
SpaceX designs, manufactures, and launches advanced rockets and spacecrafts.
Founders:
Categories:
Aerospace, Transportation, Space Travel
Website:
http://www.spacex.com
Social:

Company Details

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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.

Funding Rounds (7) - $1.15B

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DateAmount / RoundValuationLead InvestorInvestors
Jan, 2015$1B / Series E$10B6
Dec, 2012$30M / Series D2
Nov, 2010$50M / Series C4
Aug, 2009$30.44M / Series B3
Mar, 2009$15.03M / Venture0
Aug, 2008$20M / Series A1
Mar, 2006$100k / Seed1

Current Team (19)

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Competitors (4)

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  • Armadillo Aerospace is an aerospace startup company specializing in Space Tourism.
  • Blue Origin is an aerospace company focusing on lowering the cost of spaceflight and helping to explore the solar system.
  • Virgin Galactic plans to offer suborbital spaceflights to the paying public, and is involved in suborbital and orbital space projects.
  • XCOR engages in the R&D, and production of reusable rocket-powered spacecrafts and engines for suborbital and orbital travel.

Partners (1)

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  • Hosted Continuous Integration Platform

Offices/Locations (1)

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  • Office

    1 Rocket Rd

    Hawthorne, CA 90250

    USA

Past Team (11)

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Images (2)

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