Space Exploration Technologies Corporation, which is popularly referred as SpaceX, is an aerospace manufacturer and a company that offers space transportation services with its headquarters located in Hawthorne, California. This company was started in 2012 by Elon Musk with a goal of reducing the cost of traveling to space. Also, they wanted to make it a reality of traveling to Mars. The company has enjoyed super growth and has been ranked among the most powerful Space companies. Keep reading to have a better view of the net worth of SpaceX in 2019.
In 2011, it was the time when Elon Musk started to think about the possibility of exploring Mars Oasis. The aim was to ensure that human could land a miniature greenhouse and grow multiple plants in mars. In the beginning, he began by purchasing cheap rockets from Russia.
However, he was not able to locate a rocket that was a fair price. During a flight back to the US, a thought crossed his mind about the possibility of creating a company that can deal with the creation of rockets. During this time, the cost of the materials that were to be used to create the rockets three percent to the cost of buying a rocket.
In 2002, it was the time when he started to search for employees that can work in the manufacture of the rockets. During this time, he approached Tom Mueller and requested if they could work together, which he agreed, and this was the time when SpaceX was born.
The company has seen huge growth from 2012 to date. It began with employees totaling 160 employees. Up to date, the company has 6,100 employees, and it has launched over one hundred propelling. The company has seen its contract revenue up to $12 billion. The company has contracts with both the commercial and government.
In 2013, the space industry quoted him saying that there was an increase in the competitiveness in the Launch industry. Among the biggest competitors of this company includes Arianespace, United Alliance Launch and International Launch Services. Musk has said that the competition is turning that it is turning out to be a competitive affair.
The company has seen so much growth. Among the biggest achievements of the company includes the liquid propellant rocket to reach orbit. It became the first private company to launch, orbit and at the same time recover spacecraft. In 2010, it became the first private company to send a spacecraft to International Space Station.
Net Worth & Earnings
The net worth of SpaceX is over $25 billion. The company has generated its money from the launching services it offers with various companies. Also, it has contracts with NASA to carry cargo as well as other restaurants into the low earth orbit. The company has plans to sell seats on the human crewed flights to ISS.
SpaceX has seen immense growth among very many companies in the world. Many people have seen the trend the companies is on and want to invest their money in this company. The company continues to launch various satellites and later sends rockets safely back to the earth.