SpaceX

Space Exploration Technologies Corp., doing business as SpaceX, is a private American aerospace manufacturer and space transportation services.

SpaceX designs, manufactures and launches advanced rockets and spacecraft.

SpaceX was founded in 2002 by entrepreneur Elon Musk with the goal of reducing space transportation costs and enabling the colonization of Mars. The company is based in Hawthorne, California with additional offices in Washington, D.C., McGregor, Texas, Patrick Air Force Base, Florida, and Lompoc, California.

 

SpaceX has since developed the Falcon launch vehicle family and the Dragon spacecraft family, which both currently deliver payloads into Earth orbit. SpaceX's products include Falcon 9, a two-stage rocket; Falcon Heavy, a two-stage heavy rocket intended for super-big satellites, as well as cargo destined for points far beyond, such as Mars; and Dragon, a free-flying spacecraft. 

SpaceX has gained worldwide attention for a series of historic milestones. It is the only private company ever to return a spacecraft from low-Earth orbit, which it first accomplished in December 2010. 

SpaceX has accomplished a lot between now and then, including building its Starlink broadband constellation to more than 1,000 active satellites. 

 

SpaceX has also made good progress on its Starlink spacecraft development program, with a successful short test flight of the prototype this month, and it won multiple multi-year contracts from NASA  and the U.S. government for launch services this year.

 

SpaceX is backed by Baillie Gifford, Fidelity Investments, Founders Fund, GV, Bank of America, Oakhouse Partners, DFJ, All Blue Capital, Capricorn Venture Partners and others. The company $850M in a new round on Feb 17, 2021. This brings SpaceX's total funding to $6.3B to date. The latest round pushed the company's valuation to $74B, from the previously gained $46B valuation in Aug 2020.

 

  

  • Year founded: 2002
  • Funding Info: $6.3B over 23 Rounds (Latest Funding Type: Private Equity)
  • Yearly Revenue: $2B+ (2020)
  • Employee Size: 5,000-10,000
  • Business Valuation: Valued at a $74B as of Feb 17, 2021
  • City/Town: Hawthorne
  • State: California
  • Country: United States
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