SpaceX

  • SpaceX (Space Exploration Technologies Corporation) is a private aerospace manufacturer and space transport services company headquartered in California, US.
  • It was founded in 2002 by Internet tycoon Elon Musk, CEO of Tesla Motors and former PayPal entrepreneur with the goal of creating the technologies to reduce space transportation costs and enable colonization of Mars.
  • SpaceX has developed the Falcon 1 and Falcon 9 launch vehicles, both designed to be reusable, thus reducing the cost of launch.
  • It also has developed Dragon spacecraft to supply cargo to ISS. It is also developing manned version of Dragon.
  • In 2008, SpaceX had created history by launching first privately funded, liquid-propellant rocket Falcon 1 to reach orbit in 2008.
  • It also became first privately funded company to successfully launch, orbit and recover spacecraft (Dragon) in 2010.
  • It was also first private company to send a spacecraft to ISS, in 2012.