Funding Received
$245.5 Million in 6 Rounds from 7 Investors
Most Recent Funding
$30 Million Venture on December 21, 2012
Hawthorne, CA
Space Exploration Technologies is a space transportation startup that designs, manufactures and launches advanced rockets and spacecraft.
Public Transportation

Company Details

17 in CrunchBase

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 (6) - $245.5M


Board Members and Advisors (3)


Investors (7)


Offices/Locations (1)

  • Office

    1 Rocket Rd

    Hawthorne, CA 90250


Competitors (4)

  • 72ca1c48f56d912534d126cf2ee3d1d0

    Virgin Galactic

    Virgin Galactic plans to offer suborbital spaceflights to the paying public, and is involved in suborbital and orbital space projects.
  • 63539f61c251c8ee876fa02ea31ef3d6

    Armadillo Aerospace

    Space exploration
  • F20a782d71620a763a4c54d4bcd2e684

    Blue Origin

    Blue Origin is an aerospace company focusing on lowering the cost of spaceflight and helping to explore the solar system.
  • 643b61734b6c4602267ba553a5bad3c2

    XCOR Aerospace

    XCOR engages in the R&D, and production of reusable rocket-powered spacecrafts and engines for suborbital and orbital travel.

Images (2)

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