Inside SpaceX: From 2002 to Now Into a over $10 billion business
Startup Type:
Headquarter: Starbase, Texas, USA
Current Status: Active (private; among the highest-valued startups globally)
Founders: Elon Musk
Founded Year: 2002
Investors: Andreessen Horowitz, Sequoia Capital, Google Ventures, Fidelity
Funding Raised: over $10 billion
What Is the business model of SpaceX?
Aerospace manufacturer and launch service provider; generates revenue from commercial and government rocket launch contracts and satellite services
How SpaceX got started?
Musk founded SpaceX after failing to buy affordable rockets in Russia, aiming to reduce launch costs and enable Mars colonization
what growth strategy has SpaceX followed?
Pioneered reusable rockets to drastically lower costs, winning large NASA and satellite contracts that fueled growth and technological advancement
what are the top products/features of SpaceX
Falcon 9 and Falcon Heavy rockets, Dragon spacecraft, Starlink satellite internet network
what was the biggest challenge faced by SpaceX?
Nearly went bankrupt after three failed rocket launches before securing a crucial NASA contract in 2008 when the fourth launch succeeded