SpaceX - Private company

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SpaceX fast facts...

  • Founded - 2002
  • Vehicles - 3
  • Launches contracted - 100+
  • Employees - 6000+
  • Launch locations - 3

What is Spacex?

SpaceX is a private space exploration company (hence the name) which is eventually looking to be a pioneer in the habitation of Mars and making it a safe place to inhabit.

The company was fpunded in 2002 and is now a multi billion dollar company that has done contracted work for NASA and is currently valued at arround $33.3 billion, to put this in perspective, Apple is worth around $1 trillion and NASA had a budget of $19.3 billion in 2017. This is barely o.05% of the federal funding available each year which is around $3 trillion.

Private Company

When we refer to the term private company, this is in reference to the way that it is funded and contracted. It will not have government funding and will be running its own research, launches and space explorations.

However, NASA has contracted the company to do 18 resupply missions to the International space Station - ISS. In addition to tjis, in March 2019, SpaceX's "Crew Dragon" autonomously docked onto the ISS becoming the first capsule to do it completely automatically. The contract to allow these was signed in 2008 and came with an award of $1.6 billion, it was known as the commercial resupply contract.

This company was originally started with funding from Elon Musk's other entrepreneurial endeavours but in 2014 was granted a NASA commercial crew contract allowing the company to fly American Astronauts; this also came with a substantial amount of award money, $2.6 billion to be precise.

Made by:

@helpful_wallaby

@balanced_singer

Comments (8)

  • Lyons Hall Primary School generous_clarinet | Lyons Hall Primary School D
    04 Dec 2019

    i think space will be able to cut space travel prices down so is a good idea

    Reply to this comment
  • Preston Manor School insightful_piano | Preston Manor School
    04 Dec 2019

    why was space x made

    Reply to this comment
    1. The-Ruth-Gorse-logo-250x250.jpg helpful_wallaby | The Ruth Gorse Academy
      insightful_piano's comment 04 Dec 2019

      The ultimate goal of SpaceX is to allow people to be able to live on other planets in future years.
      Here is alink to SpaceX's website: https://www.spacex.com

      Reply to this comment
  • Hammond School logo genius_flute | Hammond Junior School A
    04 Dec 2019

    I would like to add some more information to this post. I have found all this information from SpaceX's official website, so this is the link: https://www.spacex.com/. SpaceX's 'ultimate goal' is to enable people to live on other planets, and it was founded under the belief that a future where humanity is out exploring the stars is fundamentally more exciting than one where we are not. Falcon 9 is a two-stage rocket that is the first orbital-class rocket capable of reflight. In 2012, the Falcon 9 delivered the Dragon spacecraft into the correct orbit for rendezvous with the ISS, making SpaceX the first commercial company to dock with the space station. This rocket currently costs around £47,352,970 GBP ($62,000,000 USD). The Falcon Heavy is a huge rocket able to carry 64 Metric tons. This is more than twice the payload of the next closest operational vehicle, the Delta IV Heavy, at one-third the cost. The first stage consists of THREE Falcon 9 engine cores whose 27 Merlin engines together generate more than 5 million pounds of thrust at liftoff. The price of this rocket is around £68,741,367.05 GBP (£90,000,000 USD). Please reply if you have any information to add or correct.

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  • The Sherwood School grateful_crab | The Sherwood School
    04 Dec 2019

    I think the rocket incident with the top blowing off is not a failure but a mistake. The rocket however, blew a hole in their money and put them in a major financially difficult state. The 27 rolls Royce Merlin engines would have given the rocket much horsepower and torque. But this must have cost a fortune so if they were to make the adjustments and rebuild the whole spacecraft again this could possibly and financially not be possible due to the fact, the problem must be found. You might be thinking why can't they fix the rocket they previously made, but this will not be possible since the rocket has had major failures and would take more time and money than rebuilding the whole thing.

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  • Phoenix-logo-250x250.jpg devoted_glockenspiel | Phoenix Primary School
    06 Dec 2019

    I think they should make it more

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  • Phoenix-logo-250x250.jpg devoted_glockenspiel | Phoenix Primary School
    06 Dec 2019

    Public because they could make it to mars

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  • Hammond School logo versatile_molecule | Hammond Junior School B
    09 Dec 2019

    Space X is a good thing because it has provided many jobs, according to this post, 6000 plus, according to many sites I have been on, 7000 approx. You could say it has provided jobs for workless people but to work for Space X you need to be quite skilled. I think it is a chain reaction because the person has been benefited by society, they get a job and then they can give back to society and be the change they want to see in the world.

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