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) - $1.15BUpdate
Current Team (19)Update
|Sep 27, 2016||Miami Herald - SpaceX chief envisions 1,000 passenger ships flying to Mars|
|Sep 27, 2016||TechCrunch - SpaceX shows off its Interplanetary Transport System in new video|
|Sep 27, 2016||TechCrunch - Watch Elon Musk reveal his plan for colonizing Mars right here|
|Sep 27, 2016||Sydney Morning Herlad - Elon Musk outlines plans to put humans on Mars|
|Sep 26, 2016||Boston Tech Flash - SpaceX says it knows why its rocket exploded three weeks ago|
|Sep 26, 2016||TechCrunch - SpaceX fires its Raptor engine for Mars flights for the first time|
|Sep 24, 2016||Sacramento Bee - Elon Musk gazes toward Mars as earthbound businesses hit a snag|
|Sep 23, 2016||TechCrunch - SpaceX investigation suggests helium breach caused its Falcon 9 explosion|
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1 Rocket Rd
Hawthorne, CA 90250