SpaceX

Space Exploration Technologies Corp., doing business as SpaceX, is an American spaceflight, telecommunications, and artificial intelligence company headquartered at the Starbase development site in Starbase, Texas. The company operates three divisions: "Space", which conducts more orbital launches annually than any other launch provider, including national programs; "Connectivity", which operates Starlink, a communications satellite company; and "Artificial intelligence", which operates Grok, X, and data centers. The company is credited with advances in rocket propulsion, reusable launch vehicles, human spaceflight, satellite constellation technology. The company's largest customers include NASA, the United States Space Force, and the National Reconnaissance Office. Elon Musk owns 42% of the outstanding shares of SpaceX and controls 85% of the voting power via his super-voting stock. SpaceX was founded in 2002 by Elon Musk with the goal of reducing spaceflight costs, improving the reliability of access to outer space for ordinary humans, and colonizing Mars. In 2008, after three failed attempts between 2006 and 2008 that almost pushed the company to bankruptcy, SpaceX successfully launched the Falcon 1 into orbit, becoming the first private company to develop and launch a liquid-fueled rocket to orbit. In 2010, the company launched the Falcon 9 launch vehicle and the Dragon 1 spacecraft to fulfill NASA's Commercial Orbital Transportation Services (COTS) contracts for cargo deliveries to the International Space Station (ISS). In 2012, SpaceX began flying Commercial Resupply Services missions to the ISS, becoming the first private company to successfully dock with the station, and started developing technologies to make the Falcon 9 first stage reusable. In 2015, Falcon 9 flight 20 was the first successful landing of an orbital-class rocket's first stage and the company's SES-10 completed the first reflight of an orbital-class booster in 2017. After a decade of development, the Falcon Heavy, which consists of three Falcon 9-derived boosters, made its maiden flight in 2018. As of May 2026, Falcon 9 launches averaged approximately three missions per week, and Falcon boosters had completed nearly 650 landings and reflights. In 2019, the first operational satellite of the Starlink internet satellite constellation came online, diversifying the revenue of the company. Starlink has generated the bulk of SpaceX's income and led to its Starshield military counterpart. In 2020, SpaceX began to operate its Dragon 2 capsules for NASA and private entity crewed missions. Around this time, SpaceX began building test prototypes for SpaceX Starship, the largest launch vehicle in history. SpaceX plans to adapt it as a human lander for lunar missions under NASA's Artemis program. In 2026, SpaceX acquired Musk's artificial intelligence company xAI, and announced a joint venture with Tesla, Inc. to build Terafab, a large plant for semiconductor device fabrication. The initial public offering of SpaceX on June 12, 2026, which raised $86 billion, was the largest IPO in history and briefly made Musk the first US-dollar trillionaire. History 2001–2002: Founding In early 2001, Elon Musk met Robert Zubrin and donated $100,000 to his Mars Society and briefly joined its board of directors. In August 2001, he gave a plenary talk at their fourth convention where he announced Mars Oasis, a project to land a greenhouse and grow plants on Mars. Musk initially attempted to acquire a Dnepr launch vehicle for the project through Russian contacts provided by Jim Cantrell; however, he was unsuccessful. Musk returned with his team to Moscow, this time bringing Michael D. Griffin, who later became the 11th Administrator of NASA, but found the Russians increasingly unreceptive. On the flight home, Musk stated that he could start a company to build the affordable rockets the project required. By applying vertical integration, using inexpensive commercial off-the-shelf components when possible, and adopting the modular approach of modern software engineering, Musk believed SpaceX could significantly cut launch costs. In early 2002, Elon Musk started to look for staff for his company, soon to be named SpaceX. Musk approached five people for the initial positions, including Griffin, who declined the position of Chief Engineer, Jim Cantrell and John Garvey (Cantrell and Garvey later founded the company Vector Launch), rocket engineer Tom Mueller, and Chris Thompson. SpaceX was first headquartered in a warehouse in El Segundo, California. Early SpaceX employees, such as Tom Mueller (CTO), Gwynne Shotwell (COO), and Chris Thompson (VP of Operations), were previously employed at TRW and Boeing. Musk personally interviewed and approved all of SpaceX's early employees. 2003–2010: Falcon 1, COTS, and Falcon 9 SpaceX developed its first orbital launch vehicle, the Falcon 1, with internal funding. The Falcon 1 was an expendable two-stage-to-orbit small-lift launch vehicle. The total development cost of Falcon 1 was approximately $90 million to $100 million. The Falcon rocket series was named after Star Wars's Millennium Falcon fictional spacecraft. In 2004, SpaceX protested against NASA to the Government Accountability Office (GAO) because of a sole-source contract awarded to Kistler Aerospace. Before the GAO could respond, NASA withdrew the contract, and formed the Commercial Orbital Transportation Services (COTS) program. In 2005, SpaceX announced plans to pursue a human-rated commercial space program through the end of the decade, a program that would later become the Dragon spacecraft. SpaceX originally intended to follow its light Falcon 1 launch vehicle with an intermediate capacity vehicle, the Falcon 5. The company instead decided in 2005 to proceed with the development of the Falcon 9, a medium-lift launch vehicle intended to be reusable. Development of the Falcon 9 was accelerated by NASA, which committed to purchasing several commercial flights if specific capabilities were demonstrated. In 2006, the company was selected by NASA and awarded $396 million to provide crew and cargo resupply demonstration contracts to the International Space Station (ISS) under the COTS program. The contract provided development funding for the Dragon spacecraft, Falcon 9, and demonstration launches of Falcon 9 with Dragon. The first two Falcon 1 launches were purchased by the United States Department of Defense under the DARPA Falcon Project which evaluated new U.S. launch vehicles suitable for use in hypersonic missile delivery for Prompt Global Strike. The first three launches of the rocket, between 2006 and 2008, all resulted in failures, which almost ended the company. Financing for Tesla Motors had failed, as well, and consequently Tesla, SolarCity, and Musk personally were all nearly bankrupt at the same time. Musk was reportedly "waking from nightmares, screaming and in physical pain" because of the stress. The financial situation started to turn around with the first successful launch achieved on the fourth attempt on September 28, 2008. Musk split his remaining $30 million between SpaceX and Tesla, and NASA awarded SpaceX a $1.6 billion Commercial Resupply Services (CRS) contract in December, thus financially saving the company. Based on these factors and the further business operations they enabled, the Falcon 1 was soon retired following its second successful, and fifth total, launch in July 2009. This allowed SpaceX to focus company resources on the development of a larger orbital rocket, the Falcon 9. Gwynne Shotwell was also promoted to company president at the time, for her role in successfully negotiating the CRS contract with the NASA Associate Administrator Bill Gerstenmaier. As part of the COTS contract, the Falcon 9 launched for the first time in June 2010 with the Dragon Spacecraft Qualification Unit, using a mockup of the Dragon spacecraft. The first operational Dragon spacecraft was launched in December 2010 aboard COTS Demo Flight 1, the Falcon 9's second flight, and safely returned to Earth after two orbits, completing all its mission objectives. By December 2010, the SpaceX production line was manufacturing one Falcon 9 and Dragon every three months. 2011–2018: Falcon 9, Dragon, and NASA contracts In April 2011, as part of its second-round Commercial Crew Development (CCDev) program, NASA issued a $75 million contract for SpaceX to develop an integrated launch escape system for Dragon in preparation for human-rating it as a crew transport vehicle to the ISS. NASA awarded SpaceX a fixed-price Space Act Agreement (SAA) to produce a detailed design of the crew transportation system in August 2012. In early 2012, approximately two-thirds of SpaceX stock was owned by Musk and his seventy million shares were then estimated to be worth $875 million on private markets, valuing SpaceX at $1.3 billion. In May 2012, with the Dragon C2+ launch, Dragon became the first commercial spacecraft to deliver cargo to the International Space Station. After the flight, the company private equity valuation nearly doubled to $2.4 billion or $20/share. By that time, SpaceX had operated on total funding of approximately $1 billion over its first decade of operation. Of this, private equity provided approximately $200 million, with Musk investing approximately $100 million and other investors having put in about $100 million. SpaceX's active reusability test program began in late 2012 with testing low-altitude, low-speed aspects of the landing technology. The Falcon 9 prototypes performed vertical takeoffs and landings (VTOL). High-velocity, high-altitude tests of the booster atmospheric return technology began in late 2013. Commercial launches and rapid growth SpaceX launched the first commercial mission for a private customer in 2013. In 2014, SpaceX won nine contracts out of the 20 that were openly competed worldwide. That year Arianespace requested that European governments provide additional subsidies to face the competition from SpaceX. Beginning in 2014, SpaceX capabilities and pricing also began to affect the market for launch of U.S. military payloads, which for nearly a decade had been dominated by the large U.S. launch provider United Launch Alliance (ULA). The monopoly had allowed launch costs by the U.S. provider to rise to over $400 million over the years. In September 2014, NASA's Director of Commercial Spaceflight, Kevin Crigler, awarded SpaceX the Commercial Crew Transportation Capability (CCtCap) contract to finalize the development of the Crew Transportation System. The contract included several technical and certification milestones, an uncrewed flight test, a crewed flight test, and six operational missions after certification. In January 2015, SpaceX raised $1 billion in funding from Google and Fidelity Investments, in exchange for 8.33% of the company, establishing the company valuation at approximately $12 billion. The same month SpaceX announced the development of a new satellite constellation, called Starlink, to provide global broadband internet service with 4,000 satellites. The Falcon 9 had its first major failure in late June 2015, when the seventh ISS resupply mission, CRS-7 exploded two minutes into the flight. The problem was traced to a failed two-foot-long steel strut that held a helium pressure vessel, which broke free due to the force of acceleration. This caused a breach and allowed high-pressure helium to escape into the low-pressure propellant tank, causing the failure. Reusability milestones SpaceX first achieved a successful landing and recovery of a first stage in December 2015 with Falcon 9 Flight 20. In April 2016, the company achieved the first successful landing on the autonomous spaceport drone ship (ASDS) Of Course I Still Love You in the Atlantic Ocean. By October 2016, following the successful landings, SpaceX indicated they were offering their customers a 10% price discount if they choose to fly their payload on a reused Falcon 9 first stage. A second major rocket failure happened in early September 2016, when a Falcon 9 exploded during a propellant fill operation for a standard pre-launch static fire test. The payload, the AMOS-6 communications satellite valued at $200 million, was destroyed. The explosion was caused by the liquid oxygen that is used as propellant turning so cold that it solidified and ignited with carbon composite helium vessels. Though not considered an unsuccessful flight, the rocket explosion sent the company into a four-month launch hiatus while it worked out what went wrong. SpaceX returned to flight in January 2017. In March 2017, SpaceX launched a returned Falcon 9 for the SES-10 satellite. This was the first time a re-launch of a payload-carrying orbital rocket went back to space. The first stage was recovered again, also making it the first landing of a reused orbital class rocket. Leading global commercial launch provider In 2017, SpaceX formed a subsidiary, The Boring Company, and began work to construct a short test tunnel on land adjacent to the SpaceX headquarters and manufacturing facility, using a small number of SpaceX employees, which was completed in May 2018, and opened to the public in December 2018. During 2018, The Boring Company was spun out into a separate corporate entity with 6% of the equity going to SpaceX, less than 10% to early employees, and the remainder of the equity to Elon Musk. In July 2017, the company raised $350 million at a valuation of $21 billion. In 2017, SpaceX achieved a 45% global market share for awarded commercial launch contracts. By March 2018, SpaceX had more than 100 launches on its manifest representing about $12 billion in contract revenue. The contracts included both commercial and government (NASA/DOD) customers. This made SpaceX the leading global commercial launch provider measured by manifested launches. 2019–2020: Raising capital, Starlink launch, and crewed launches In January 2019, SpaceX announced it would lay off 10% of its workforce to help finance the Starlink and Starship projects. The purpose of the Starship vehicle is to enable large-scale transit of humans and cargo to the Moon, Mars, and beyond. SpaceX's Starship is the largest and most powerful rocket ever flown, with a planned payload capacity of 100+ tons. Construction of initial prototypes and tests for Starship started in early 2019 in Florida and Texas. All Starship construction and testing moved to the new SpaceX South Texas launch site later that year. In 2019 SpaceX raised $1.33 billion across three funding rounds. By May 2019, the valuation of SpaceX had risen to $33.3 billion and reached $36 billion by March 2020. In May 2019, SpaceX launched the first large batch of 60 Starlink satellites, beginning to deploy what would become the world's largest commercial satellite constellation the following year. On August 19, 2020, after a $1.9 billion raise, one of the largest by any private company, valuation increased to $46 billion. In May 2020, SpaceX successfully launched two NASA astronauts (Doug Hurley and Bob Behnken) into orbit on a Crew Dragon spacecraft during Crew Dragon Demo-2, making SpaceX the first private company to send astronauts to the International Space Station and marking the first crewed orbital launch from American soil in 9 years. The mission launched from Kennedy Space Center Launch Complex 39A (LC-39A) in Florida. 2021–present In February 2021, SpaceX raised an additional $1.61 billion from 99 investors at a per share value of approximately $420, lifting the valuation to ~$74 billion. By 2021, SpaceX had raised more than $6 billion. Most of the capital raised since 2019 was used to support the Starlink satellite constellation and the development and manufacture of Starship. By October 2021, the valuation grew to $100.3 billion. On April 16, 2021, Starship HLS won a NASA contract for the Artemis program. In 2021, SpaceX entered into agreements with Google Cloud Platform and Microsoft Azure to provide on-ground computer and networking services for Starlink. A funding round in 2022 valued SpaceX at $127 billion. In July 2021, SpaceX unveiled another drone ship named A Shortfall of Gravitas, first landing CRS-23 on August 29, 2021. Within the first 130 days of 2022, SpaceX launched 18 rockets and returned two crews. On December 13, 2021, Musk announced that the company was starting a carbon dioxide removal program that would convert captured carbon into rocket fuel, after he announced a $100 million donation to the X Prize Foundation the previous February to fund a contest to develop the best carbon capture technology. In 2022, most SpaceX launches focused on Starlink, a consumer internet business that sends batches of internet-beaming satellites and now has over 6,000 satellites in orbit. SpaceX launched a rocket approximately every six days in 2022, with 61 launches in total, the most launches ever of a single vehicle type in a single year. All but one (a Falcon Heavy in November) was a Falcon 9. In August 2022, the European Space Agency (ESA) began discussions with SpaceX to substitute for Russian launches, amid the Russian invasion of Ukraine. In November 2023, SpaceX announced it would acquire its parachute supplier Pioneer Aerospace out of bankruptcy for $2.2 million. In 2024, SpaceX moved its headquarters from Hawthorne, California, to SpaceX Starbase in Brownsville, Texas, ostensibly because California increasingly became a difficult place to operate. The Hawthorne facility continues to support the company's Falcon launch business. SpaceX's 2024 Polaris Dawn mission featured the first-ever private spacewalk. By July 2025, as part of a $5 billion equity raise, SpaceX agreed to invest $2 billion in xAI. Starlink expansion On July 16, 2021, SpaceX entered an agreement to acquire Swarm Technologies, a private company building a low Earth orbit satellite constellation for communications with Internet of things (IoT) devices, for $524 million. In December 2022, the U.S. Federal Communications Commission (FCC) approved the launch of up to 7,500 of SpaceX's next-generation satellites in its Starlink internet network. In September 2025, SpaceX said it would purchase the rights to use some of EchoStar's spectrum for $17 billion in a cash and stock deal. The company said it would use the spectrum as a foundation for Starlink's direct-to-cell business around the globe. Starlink in the Russo-Ukrainian war Starship On April 20, 2023, Starship's first orbital flight test ended in a mid-air explosion over the Gulf of Mexico before booster separation. After launch, multiple engines in the booster progressively failed, causing the vehicle to reach max q later than planned. "Max q" is the point during ascent at which the vehicle experiences the maximum aerodynamic pressure, determined by the combination of air density and velocity as the rocket climbs through the atmosphere. Eventually, the vehicle lost control and spun erratically until the automated flight termination system was activated, which intentionally destroyed the rocket. Elon Musk, SpaceX, and other individuals familiar with the space industry have referred to the test flight as a success. Musk said at the time that it would take "six to eight weeks" to get the infrastructure prepared for another launch. In October 2023, a senior SpaceX executive stated the company had been ready to launch the next test flight since September. He accused government regulators of disrupting the project's progress, adding the delay could lead to China beating U.S. astronauts back to the Moon. On November 18, 2023, SpaceX launched Starship on its second flight test, with both vehicles flying for a few minutes before separately exploding. In early March 2024 SpaceX announced that it was targeting March 14 as the tentative launch date for its next uncrewed Starship launch configuration flight test, pending the issuance of a "launch license" by the FAA. This license was granted on March 13, 2024. On March 14, 2024, at 13:25 UTC, Starship launched for the third time and for the first time Starship reached its planned suborbital trajectory. The flight ended with the booster experiencing a malfunction shortly before landing and the ship being lost during re-entry over the Indian Ocean. On June 4, 2024, SpaceX received the launch license for Starship's fourth flight test. The licensure itself was notable in that it was the first time that the FAA included a clause that would allow SpaceX to launch subsequent test flights without a mishap investigation, provided that they met a similar launch profile and used the same specification of hardware. The provision could prove to speed the development timeline. On October 12, 2024, SpaceX received FAA approval for Starship's fifth flight test. The flight was the first without engine failures, and the first successful tower catch. SpaceX launched Starship on its sixth flight test on November 19, 2024. The booster aborted the catch attempt, while the ship conducted a relight in space. On January 16, 2025, SpaceX launched Starship on its seventh flight test, with the first Block 2 Ship, Ship 33, standing at 403 feet (123 m). This test also carried a demonstration payload, a Starlink V3 simulator. The test launched at 22:37 UTC. The test resulted in the second catch of the Super Heavy booster, B14, but after 8 minutes, SpaceX lost contact with 'Ship', which is the upper stage of the Starship which resulted in the failure of the ship during the ascent. The spacecraft reportedly exploded around 8.5 minutes after launch over the Atlantic Ocean near the Turks and Caicos Islands. The FAA, on January 18, required a mishap investigation of the failure. On March 7, 2025, SpaceX launched another Starship rocket, this time from Texas. Contact was lost minutes into the test flight and the spacecraft came tumbling down and broke apart, with wreckage seen across Florida's skies. As per preliminary investigation, Starship's 7th test flight was disrupted by an oxygen leak, flashes and sustained fires in its aft section, which caused the rocket's engines to shut down and turn on the spacecraft's self-destruct system. On June 18, 2025, a SpaceX Starship rocket exploded during a static fire test at the company's Starbase facility in Texas, following what the company described as a "major anomaly". Cameron County Judge Eddie Treviño Jr. contacted 10 federal and state offices to ask about their roles in probes regarding the explosion, with each department declining to investigate, which created regulatory concerns. Brownsville City Manager Helen Ramirez stated that the Brownsville Fire Department was underequipped to handle fire events created by rocket explosions. Not long after the explosion, several SpaceX employees filed documents with the Texas Secretary of State to form the Starbase Volunteer Fire Department, intending to respond to calls within city limits, not including the test site. While cleaning the site, a crane collapse in relation to safety violations would cause the Occupational Safety and Health Administration to fine SpaceX approximately $116,000. On May 22, 2026, SpaceX successfully launched the twelfth flight test of Starship. This was the first flight of the V3 vehicle, incorporating Raptor 3 engines. It was also the first flight test to carry a payload into orbit, lofting approximately 44,000 kg (97,000 lbs) of Starlink mass simulators. During launch, one of the 33 Raptor 3 engines on the Super Heavy first stage shut down early, and one of the 6 Starship upper-stage engines shut down prematurely, but despite the engine-out, the vehicle achieved its planned suborbital trajectory. The booster suffered a subsequent anomaly and was destroyed before splashdown over the Gulf of Mexico, while the ship safely completed its orbital pass and achieved a targeted soft splashdown in the Indian Ocean near Australia. xAI acquisition, Terafab, and Starfall On February 2, 2026, SpaceX announced that it had acquired xAI, an artificial intelligence company also founded by Musk, in an all-stock transaction that structured xAI as a wholly owned subsidiary of SpaceX. The acquisition combines SpaceX's rocket and satellite capabilities with xAI's artificial intelligence technology. SpaceX stated that the goal is to develop space-based AI data centers to overcome the power and cooling limitations of terrestrial facilities. The plan includes deploying large numbers of satellites to provide AI compute capacity and exploring long-term operations on the Moon and Mars. The acquisition valued SpaceX at $1T and xAI at $250B, for a combined total of $1.25T. It was the highest valued business acquisition in history. In March, SpaceX announced the project to build Terafab, a joint project with Tesla and xAI, to build a large semiconductor fabrication project centering on the construction of a vertically integrated "mega-fab" designed to produce more than one terawatt (one trillion watts) of artificial intelligence compute capacity per year, encompassing advanced logic chips, memory modules, and packaging technologies. They will initially build a much smaller fast-iteration semiconductor fab, with all functions under one roof, at the existing Giga Texas property near Austin, Texas. The following month, The New York Times reported that SpaceX had agreed to acquire Cursor, an AI-assisted software development startup, for $60 billion. In May 2026, Anthropic signed a contract of $1.25 billion per month with xAI, a subsidiary of SpaceX, to buy all the compute capacity at the Colossus 1 data center in Memphis, Tennessee. According to a June securities filing, Google and SpaceX agreed on a computational rent agreement. Google will pay $920 million a month to SpaceX for the use of Nvidia chips from October 2026 until June 2029. On May 15, the company received FAA approval for its Starfall orbit-to-Earth delivery capsule. Initial public offering In December 2025, Elon Musk confirmed that SpaceX would go public, after previously rejecting the idea. In January 2026, four banks were selected to lead the IPO. The shareholding structure effectively prevents anyone but Musk from firing him from his role as chief executive and board chair. On May 20, 2026, SpaceX filed for an initial public offering (IPO) on Nasdaq under the ticker symbol SPCX. On June 11, 2026, SpaceX priced its IPO at $135 per share, giving the company a valuation of $1.77 trillion, making it the highest-valued IPO ever. The offering raised $75 billion, making it the largest IPO by proceeds on record. It began trading on the Nasdaq on June 12 under the ticker symbol SPCX. Hardware Launch vehicles SpaceX has developed three launch vehicles. The small-lift Falcon 1 was the first launch vehicle developed and was retired in 2009. The medium-lift Falcon 9 and the heavy-lift Falcon Heavy are both operational. Falcon 1 was a small rocket capable of placing several hundred kilograms into low Earth orbit. It launched five times between 2006 and 2009, of which two were successful. The Falcon 1 was the first privately funded, liquid-fueled rocket to reach orbit. Falcon 9 is a medium-lift launch vehicle capable of delivering up to 22,800 kilograms (50,265 lb) to orbit, competing with the Delta IV and the Atlas V rockets, as well as other launch providers around the world. It has nine Merlin engines in its first stage. The Falcon 9 v1.0 rocket successfully reached orbit on its first attempt on June 4, 2010. Its third flight, COTS Demo Flight 2, launched on May 22, 2012, and launched the first commercial spacecraft to reach and dock with the International Space Station (ISS). The vehicle was upgraded to Falcon 9 v1.1 in 2013, Falcon 9 Full Thrust in 2015, and finally to Falcon 9 Block 5 in 2018. The first stage of Falcon 9 is designed to retro propulsively land, be recovered, and flown again. Falcon Heavy is a heavy-lift launch vehicle capable of delivering up to 63,800 kg (140,700 lb) to Low Earth orbit (LEO) or 26,700 kg (58,900 lb) to geosynchronous transfer orbit (GTO). It uses three slightly modified Falcon 9 first-stage cores with a total of 27 Merlin 1D engines. The Falcon Heavy successfully flew its inaugural mission on February 6, 2018, launching Musk's personal Tesla Roadster into heliocentric orbit. Both the Falcon 9 and Falcon Heavy are certified to conduct launches for the National Security Space Launch (NSSL). As of July 25, 2026, the Falcon 9 and Falcon Heavy have been launched 682 times, resulting in 679 full mission successes, one partial success, and one in-flight failure. In addition, a Falcon 9 experienced a pre-flight failure before a static fire test in 2016. SpaceX is developing a fully reusable super-heavy lift launch system known as Starship. It comprises a reusable first stage, called Super Heavy, and the reusable Starship second stage space vehicle. As of 2017, the system was intended to supersede the company's existing launch vehicle hardware by the early 2020s. Rocket engines Since the founding of SpaceX in 2002, the company has developed several rocket engines – Merlin, Kestrel, and Raptor – for use in launch vehicles, Draco for the reaction control system of the Dragon series of spacecraft, and SuperDraco for abort capability in Crew Dragon. Merlin is a family of rocket engines that uses liquid oxygen (LOX) and RP-1 propellants. Merlin was first used to power the Falcon 1's first stage and is now used on both stages of the Falcon 9 and Falcon Heavy vehicles. Kestrel uses the same propellants and was used as the Falcon 1 rocket's second-stage main engine. Draco and SuperDraco are hypergolic liquid-propellant rocket engines. Draco engines are used on the reaction control system of the Dragon and Dragon 2 spacecraft. The SuperDraco engine is more powerful, and eight SuperDraco engines provide launch escape capability for crewed Dragon 2 spacecraft during an abort scenario. Raptor is a family of liquid oxygen and liquid methane-fueled full-flow staged combustion cycle engines to power the first and second stages of the in-development Starship launch system. Development versions were test-fired in late 2016, and the engine flew for the first time in 2019, powering the Starhopper vehicle to an altitude of 20 m (66 ft). Dragon spacecraft SpaceX has developed the Dragon spacecraft to transport cargo and crew to the International Space Station (ISS). The first-generation Dragon 1 spacecraft was used only for cargo operations. It was developed with financial support from NASA under the Commercial Orbital Transportation Services (COTS) program. After a successful COTS demonstration flight in 2010, SpaceX was chosen to receive a Commercial Resupply Services (CRS) contract. The currently operational second-generation Dragon 2 spacecraft conducted its first flight, without crew, to the ISS in early 2019, followed by a crewed flight of Dragon 2 in 2020. It was developed with financial support from NASA under the Commercial Crew Program program. The cargo variant of Dragon 2 flew for the first time in December 2020, for a resupply to the ISS as part of the CRS contract with NASA. In March 2020 SpaceX revealed the Dragon XL, designed as a resupply spacecraft for NASA's planned Lunar Gateway space station under a Gateway Logistics Services (GLS) contract. Dragon XL is planned to launch on the Falcon Heavy, and is able to transport over 5,000 kg (11,000 lb) to the Gateway. Dragon XL will be docked at the Gateway for six to twelve months at a time. SpaceX designed a spacesuit to be worn inside the Dragon spacecraft to protect from possible depressurization. In May 2024, SpaceX unveiled a second spacesuit designed for extravehicular activity, planned to be used for a spacewalk during the Polaris Dawn mission. Autonomous spaceport drone ships SpaceX routinely returns the first stage of Falcon 9 and Falcon Heavy rockets after orbital launches. The rocket lands at a predetermined landing site using only its propulsion systems. When propellant margins do not permit a return to a launch site (RTLS), rockets return to a floating landing platform in the ocean, called autonomous spaceport drone ships (ASDS). SpaceX also had plans to introduce floating launch platforms, which would be modified oil rigs to provide a sea launch option for their Starship launch vehicle. As of February 2023, SpaceX had sold the oil rigs, but had not ruled out sea-based platforms for future use. Starlink Starlink is an internet satellite constellation under development by Starlink Services, LLC, a wholly owned subsidiary of SpaceX, that consists of thousands of cross-linked communications satellites in ~550 km orbits. Its goal is to address the significant unmet demand worldwide for low-cost broadband capabilities. Development began in 2015, and initial prototype test-flight satellites were launched on the SpaceX Paz satellite mission in 2017. In May 2019, SpaceX launched the first batch of 60 satellites aboard a Falcon 9. Initial test operation of the constellation began in late 2020 and first orders were taken in early 2021. Customers were told to expect internet service speeds of 50 Mbit/s to 150 Mbit/s and latency from 20 ms to 40 ms. In December 2022, Starlink reached over 1 million subscribers worldwide. The planned large number of Starlink satellites has been criticized by astronomers due to concerns over light pollution, with the brightness of Starlink satellites in both optical and radio wavelengths interfering with scientific observations. In response, SpaceX implemented several upgrades to Starlink satellites aimed at reducing their brightness. The large number of satellites employed by Starlink also creates long-term dangers of satellite collisions with space debris. However, the satellites are equipped with krypton-fueled Hall thrusters which allow them to de-orbit at the end of their life. They are also designed to autonomously avoid collisions based on uplinked tracking data. In December 2022, SpaceX announced Starshield, a program to incorporate military or government entity payloads on board a Starlink-derived satellite bus. The Space Development Agency is a key customer procuring satellites for a space-based missile defense system. In June 2024, SpaceX introduced a compact version of its Starlink antennas, the "Starlink Mini", designed for mobile satellite internet use. Offered for $599 in an early access release, it was more expensive than the base model. The Mini antenna, half the size and one-third the weight of the Standard version, featured a built-in WiFi router, lower power consumption, and over 100 Mbit/s download speeds. Facilities SpaceX is headquartered at SpaceX Starbase near Brownsville, Texas, where it manufactures and launches its Starship launch vehicle. Much of the company's engineering, manufacturing, and mission operations remain based at its facility in Hawthorne, California, its headquarters until 2024, where it manufactures Falcon launch vehicles and Dragon spacecraft and operates mission control. The company also operates a rocket development and test facility in McGregor, Texas, and an office in the Washington, D.C., area that supports government customers. SpaceX operates launch facilities in California, Florida, and Texas. Hawthorne, California SpaceX operates a facility in Hawthorne, California. The three-story building, originally constructed by Northrop Corporation to manufacture Boeing 747 fuselage sections, houses office space, mission control, and Falcon 9 manufacturing operations. SpaceX manufactures its rocket engines, rocket stages, spacecraft, avionics, and flight software largely in-house. Much of this work is performed at the Hawthorne facility, reflecting the company's emphasis on vertical integration. The Hawthorne facility served as SpaceX's headquarters until August 2024, when the company relocated its headquarters to Starbase, Texas. Starbase, Texas SpaceX manufactures and launches Starship vehicles from SpaceX Starbase in Boca Chica, Texas, near Brownsville, Texas. The company announced plans for the site in 2014, and began construction later that year. The first suborbital test flights occurred in 2019, followed by orbital launches beginning in 2023. SpaceX's operations at Starbase have been the subject of environmental reviews and regulatory actions. In August 2024, the Texas Commission on Environmental Quality cited the company for environmental violations related to discharges near the launch site. The Environmental Protection Agency later fined the company approximately $150,000 for alleged violations of the Clean Water Act. McGregor, Texas The SpaceX Rocket Development and Test Facility in McGregor, Texas, is used for rocket engine development and testing. Every SpaceX rocket engine and thruster undergoes acceptance testing at the facility before flight. The site is also used for research, development, and qualification testing of engines and other propulsion components. Following splashdown and recovery, Dragon spacecraft are transported to McGregor for removal of residual hypergolic propellants before refurbishment elsewhere. According to SpaceX, more than 7,000 tests had been conducted at the facility by 2024 across more than a dozen test stands. Company president and chief operating officer Gwynne Shotwell maintains an office at the site. The property was originally part of the Bluebonnet Ordnance Plant during World War II. It was later used by Beal Aerospace before being leased by SpaceX in 2003. SpaceX expanded the facility from approximately 256 acres (104 ha) in 2003 to 4,000 acres (1,600 ha) by 2015. In 2021, SpaceX announced plans to construct an additional Raptor engine production facility at McGregor to increase manufacturing capacity. Launch facilities SpaceX operates four orbital launch sites, at Cape Canaveral Space Force Station and Kennedy Space Center in Florida and Vandenberg Space Force Base in California for Falcon rockets, and Starbase near Brownsville, Texas for Starship. SpaceX has indicated that they see a niche for each of the four orbital facilities and that they have sufficient launch business to fill each pad. The Vandenberg launch site enables highly inclined orbits (66–145°), while Cape Canaveral and Kennedy enable orbits of medium inclination (28.5–55°). Larger inclinations, including SSO, are possible from Florida by overflying Cuba. Before it was retired, all Falcon 1 launches took place at the Ronald Reagan Ballistic Missile Defense Test Site on Omelek Island of the Marshall Islands. In April 2007, the Pentagon approved the use of Cape Canaveral Space Launch Complex 40 (SLC-40) by SpaceX. The site has been used since 2010 for Falcon 9 launches, mainly to low Earth and geostationary orbits. The former Launch Complex 13 at Cape Canaveral, renamed Landing Zones 1 and 2, was used from 2015 until its retirement in 2026 for Falcon 9 first-stage booster landings. The landing zones were retired in 2026 after the Space Force leased Launch Complex 13 to a new customer. SpaceX has constructed new return-to-launch-site landing facilities at Launch Complex 39A and Space Launch Complex 40. Vandenberg Space Launch Complex 4 (SLC-4E) was leased from the military in 2011 and is used for payloads to polar orbits. The Vandenberg site can launch both Falcon 9 and Falcon Heavy vehicles, but cannot launch to low inclination orbits. The neighboring SLC-4W was converted to Landing Zone 4 in 2015 for booster landings. On April 14, 2014, SpaceX signed a 20-year lease for Kennedy Space Center Launch Complex 39A. The pad was subsequently modified to support Falcon 9 and Falcon Heavy launches. As of 2024 it is the only pad that supports Falcon Heavy launches. SpaceX launched its first crewed mission to the ISS from Launch Pad 39A on May 30, 2020. Pad 39A has been prepared since 2019 to eventually accommodate Starship launches. With delays in launch FAA permits for Boca Chica, Texas, the 39A Starship preparation was accelerated in 2022. Contracts SpaceX won demonstration and actual supply contracts from NASA for the International Space Station (ISS) with technology the company developed. SpaceX is also certified for U.S. military launches of Evolved Expendable Launch Vehicle-class (EELV) payloads. Cargo to International Space Station (ISS) In 2006, SpaceX won a NASA Commercial Orbital Transportation Services (COTS) Phase 1 contract to demonstrate cargo delivery to the ISS, with a possible contract option for crew transport. Through this contract, designed by NASA to provide "seed money" through Space Act Agreements for developing new capabilities, NASA paid SpaceX $396 million to develop the cargo configuration of the Dragon spacecraft, while SpaceX developed the Falcon 9 launch vehicle with their resources. These Space Act Agreements have been shown to have saved NASA millions of dollars in development costs, making rocket development 4–10 times less expensive than if produced by NASA alone. In December 2010, with the launch of the SpaceX COTS Demo Flight 1 mission, SpaceX became the first private company to successfully launch, orbit, and recover a spacecraft. Dragon successfully berthed with the ISS during SpaceX COTS Demo Flight 2 in May 2012, a first for a private spacecraft. Commercial Resupply Services (CRS) is a series of contracts awarded by NASA from 2008 to 2016 for the delivery of cargo and supplies to the ISS on commercially operated spacecraft. The first CRS contracts were signed in 2008 and awarded $1.6 billion to SpaceX for 12 cargo transport missions, covering deliveries to 2016. SpaceX CRS-1, the first of the 12 planned resupply missions, launched in October 2012, achieved orbit, berthed, and remained on station for 20 days, before re-entering the atmosphere and splashing down in the Pacific Ocean. CRS missions have flown approximately twice a year to the ISS since then. In 2015, NASA extended the Phase 1 contracts by ordering an additional three resupply flights from SpaceX, and then extended the contract further for a total of twenty cargo missions to the ISS. The final Dragon 1 mission, SpaceX CRS-20, departed the ISS in April 2020, and Dragon was subsequently retired from service. A second phase of contracts was awarded in January 2016 with SpaceX as one of the awardees. SpaceX will fly up to nine additional CRS flights with the upgraded Dragon 2 spacecraft. In March 2020, NASA contracted SpaceX to develop the Dragon XL spacecraft to send supplies to the Lunar Gateway space station. Dragon XL will be launched on a Falcon Heavy. Crewing SpaceX is responsible for the transportation of NASA astronauts to and from the ISS. The NASA contracts started as part of the Commercial Crew Development (CCDev) program, aimed at developing commercially operated spacecraft capable of delivering astronauts to the ISS. The first contract was awarded to SpaceX in 2011, followed by another in 2012 to continue development and testing of its Dragon 2 spacecraft. In September 2014, NASA chose SpaceX and Boeing as the two companies that would be funded to develop systems to transport U.S. crews to and from the ISS. SpaceX won $2.6 billion to complete and certify Dragon 2 by 2017. The contracts called for at least one crewed flight test with at least one NASA astronaut aboard. Once Crew Dragon received NASA human-spaceflight certification, the contract required SpaceX to conduct at least two, and as many as six, crewed missions to the space station. SpaceX completed the first key flight test of its Crew Dragon spacecraft, a Pad Abort Test, in May 2015, and successfully conducted a full uncrewed test flight in March 2019. The capsule docked to the ISS and then splashed down in the Atlantic Ocean. In January 2020, SpaceX conducted an in-flight abort test, the last test flight before flying crew, in which the Dragon spacecraft fired its launch escape engines in a simulated abort scenario. On May 30, 2020, the Crew Dragon Demo-2 mission was launched to the International Space Station with NASA astronauts Bob Behnken and Doug Hurley, the first time a crewed vehicle had launched from the U.S. since 2011, and the first SpaceX commercial crewed launch to the ISS. The Crew-1 mission was successfully launched to the International Space Station on November 16, 2020, with NASA astronauts Michael S. Hopkins, Victor Glover and Shannon Walker along with JAXA astronaut Soichi Noguchi, all members of the Expedition 64 crew. On April 23, 2021, Crew-2 was launched to the International Space Station with NASA astronauts Shane Kimbrough and K. Megan McArthur, JAXA astronaut Akihiko Hoshide, and ESA astronaut Thomas Pesquet. The Crew-2 mission successfully docked on April 24, 2021. SpaceX also offers paid crewed spaceflights for private individuals. The first of these missions, Inspiration4, launched in 2021 on behalf of Shift4 Payments CEO Jared Isaacman. The mission launched the Crew Dragon Resilience from the Florida Kennedy Space Center's Launch Complex 39A atop a Falcon 9 launch vehicle, placed the Dragon capsule into low Earth orbit, and ended successfully about three days later when the Resilience splashed down in the Atlantic Ocean. All four crew members received commercial astronaut training from SpaceX. The training included lessons in orbital mechanics, operating in a microgravity environment, stress testing, emergency-preparedness training, and mission simulations. National defense In 2005, SpaceX announced that it had been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract, allowing the United States Air Force to purchase up to $100 million worth of launches from the company. Three years later, NASA announced that it had awarded an IDIQ Launch Services contract to SpaceX for up to $1 billion, depending on the number of missions awarded. In December 2012, SpaceX announced its first two launch contracts with the United States Department of Defense (DoD). The United States Air Force Space and Missile Systems Center awarded SpaceX two EELV-class missions: Deep Space Climate Observatory (DSCOVR) and Space Test Program 2 (STP-2). DSCOVR was launched on a Falcon 9 launch vehicle in 2015, while STP-2 was launched on a Falcon Heavy on June 25, 2019. The Falcon 9 v1.1 was certified for National Security Space Launch (NSSL) in 2015, allowing SpaceX to contract launch services to the Air Force for any payloads classified under national security. This broke the monopoly held since 2006 by United Launch Alliance (ULA) over U.S. Air Force launches of classified payloads. In April 2016, the U.S. Air Force awarded the first such national security launch to SpaceX to launch the second GPS III satellite for $82.7 million. This was approximately 40% less than the estimated cost for similar previous missions. SpaceX also launched the third GPS III launch on June 20, 2020. In March 2018, SpaceX secured an additional $290 million contract from the U.S. Air Force to launch another three GPS III satellites. The U.S. National Reconnaissance Office (NRO) also purchased launches from SpaceX, with the first taking place on May 1, 2017. In February 2019, SpaceX secured a $297 million contract from the U.S. Air Force to launch another three national security missions, all slated to launch no earlier than FY 2021. In August 2020, the U.S. Space Force awarded its National Security Space Launch (NSSL) contracts for the following 5–7 years. SpaceX won a contract for $316 million for one launch. In addition, SpaceX will handle 40% of the U.S. military's satellite launch requirements over the period. SpaceX also designs and launches custom military satellites for the Space Development Agency as part of a new missile defense system in low Earth orbit. The constellation would give the United States capabilities to sense, target and potentially intercept nuclear missiles and hypersonic weapons launched from anywhere on Earth. Both China and Russia brought concerns to the United Nations about the program, and various organizations warn it could be destabilizing and trigger an arms race in space. In March 2024, Reuters reported that, as part of a $1.8 billion contract signed with the National Reconnaissance Office in 2021, SpaceX is building a network of hundreds of spy satellites. This new network, Reuters reported, would be able to operate as a swarm in low orbits. In December 2024, The Wall Street Journal reported that Musk did not have access to government secrets. Launch market competition and pricing pressure SpaceX's low launch prices, especially for communications satellites flying to geostationary transfer orbit (GTO), have resulted in market pressure on its competitors to lower their own prices. Prior to 2013, the openly competed comsat launch market had been dominated by Arianespace (flying the Ariane 5) and International Launch Services (flying the Proton). With a published price of $56.5 million per launch to low Earth orbit, Falcon 9 rockets were the least expensive in the industry. European satellite operators are pushing the ESA to reduce launch prices of the Ariane 5 and Ariane 6 rockets as a result of competition from SpaceX. SpaceX ended the United Launch Alliance (ULA) monopoly of U.S. military payloads when it began to compete for national security launches. In 2015, anticipating a slump in domestic, military, and spy launches, ULA stated that it would go out of business unless it won commercial satellite launch orders. To that end, ULA announced a major restructuring of processes and workforce to decrease launch costs by half. Congressional testimony by SpaceX in 2017 suggested that the NASA Space Act Agreement process of "setting only a high-level requirement for cargo transport to the space station [while] leaving the details to industry" had allowed SpaceX to design and develop the Falcon 9 rocket on its own at a substantially lower cost. According to NASA's own independently verified numbers, SpaceX's total development cost for the Falcon 9 rocket, including the Falcon 1 rocket, was estimated at $390 million. In 2011, NASA estimated that it would have cost the agency about $4 billion to develop a rocket like the Falcon 9 booster based upon NASA's traditional contracting processes, about ten times more. In May 2020, NASA administrator Jim Bridenstine remarked that thanks to NASA's investments into SpaceX, the United States has 70% of the commercial launch market, a major improvement since 2012 when there were no commercial launches from the country. As of 2024, SpaceX operates a Rideshare and Bandwagon (mid inclination) programs. This provides additional competition for small satellite launchers. Corporate affairs Business trends Board of directors Leadership changes In November 2022, to focus on Starship, the company announced COO Gwynne Shotwell and vice president Mark Juncosa would oversee Starbase, its Texas launch facility, along with Omead Afshar, who at the time oversaw operations for Tesla in Texas. Shyamal Patel, who was senior director of operations at the site, would shift to its Cape Canaveral site. Net operating loss carryforwards As of 2024, SpaceX has likely paid little to no federal income taxes since it was founded; it had a carryforward of $5 billion in net operating losses that can be used to offset taxes due on its next $5 billion of income. Workplace culture According to former NASA deputy administrator Lori Garver in 2022, the company overall has a male-dominated "bro culture", similar to that of the spaceflight industry in general. In December 2021, claims of workplace sexual harassment from five former SpaceX employees, ranging from interns to full engineers, were published. The former employees claimed to have experienced unwanted advances and uncomfortable interactions. Additionally, the accounts included claims of a culture of sexual harassment existing at the company and one where complaints made to executives, managers, and human resources officers went largely unaddressed. In May 2022, an anonymous friend of a SpaceX flight attendant alleged that Musk engaged in sexual misconduct with such SpaceX flight attendant in a private jet in 2016 and that the company paid her $250,000 for her silence. In response, some employees collaborated on an open letter condemning "Elon's harmful Twitter behavior". It also asks the company to clearly define SpaceX's "no-asshole" and "zero tolerance" policies, which it says is unequally enforced from one employee to the next. The next day, Gwynne Shotwell announced that those employees who were involved with the letter had been terminated and claimed that unsponsored, unsolicited surveys were sent to employees during the work day and that some felt pressured to sign the letter. The company has also been described as having a work culture that pushes employees to work excessively and is described as fostering a burnout culture. According to a memo by Blue Origin, a rival aerospace company with a history of lawsuits and anti-SpaceX political lobbying, SpaceX expected very long work hours, work on weekends, and limited use of holidays. In 2023, SpaceX employees alleged that the company's rush to colonize space has resulted in injuries. An examination of OSHA's records revealed injury rates higher than the industry's averages. In addition, in 2023, Reuters documented at least 600 previously unreported workplace injuries at SpaceX since 2014, including "crushed limbs, amputations, electrocutions, head and eye wounds and one death", Lonnie LeBlanc, a former United States Marine who was blown off a trailer by the wind while attempting to hold its cargo load down. In June 2024, eight ex-employees, the same who had previously been fired for penning the open letter against Elon Musk, filed a lawsuit against Musk and SpaceX alleging sexual harassment and discrimination. The lawsuit has since stalled on questions of which court has jurisdiction over SpaceX's headquarters. References Further reading Berger, Eric. Reentry: SpaceX, Elon Musk, and the Reusable Rockets that Launched a Second Space Age. BenBella Books (2024). ISBN 978-1637745274 Berger, Eric. Liftoff: Elon Musk and the Desperate Early Days That Launched SpaceX. William Collins (2021). ISBN 978-0008445621 Davenport, Christian. The Space Barons; Elon Musk. Jeff Bezos, and the Quest to Colonize the Cosmos. PublicAffairs (2018). ISBN 978-1610398299 Fernholz, Tim. Rocket Billionaires: Elon Musk, Jeff Bezos, and the New Space Race. Houghton Mifflin Harcourt (2018). ISBN 978-1328662231 Vance, Ashlee. Elon Musk: How the Billionaire CEO of SpaceX and Tesla is Shaping Our Future. Penguin Random House UK (2015). ISBN 978-0753555620 External links Official website Business data for Space Exploration Technologies Corp.: SpaceX on OpenSecrets, a website that tracks and publishes data on campaign finance and lobbying SpaceX on LittleSis, a website that publishes data on who-knows-who between government, donors and business