SpaceX

Company Overview

In an era when most technology based products follow a path of ever-increasing capability and reliability while simultaneously reducing costs, launch vehicles today are little changed from those of 40 years ago. SpaceX aims to change this paradigm by developing a family of launch vehicles which will ultimately reduce the cost and increase the reliability of space access by a factor of ten. Coupled with the newly emerging market for private and commercial space transport, this new model will re-ignite humanity's efforts to explore and develop Space.

Our company is based on the philosophy that simplicity, low-cost, and reliability can go hand in hand. By eliminating the traditional layers of management, internally, and sub-contractors, externally, we reduce our costs while speeding decision making and delivery. Likewise, by keeping the vast majority of manufacturing in house, we reduce our costs, keep tighter control of quality, and ensure a tight feedback loop between the design and manufacturing teams. And by focusing on simple, proven designs with a primary focus on reliability, we reduce the costs associated with complex systems operating at the margin.

Established in 2002 by Elon Musk , the founder of PayPal and the Zip2 Corporation, SpaceX has already developed two brand new launch vehicles, established an impressive launch manifest, and been awarded COTS funding by NASA to demonstrate delivery and return of cargo to the International Space Station. Supported by this order book and Mr. Musk's substantial resources, SpaceX is on an extremely sound financial footing as we move towards volume commercial launches.

Although drawing upon a rich history of prior launch vehicle and engine programs, SpaceX is privately developing the Dragon crew and cargo capsule and the Falcon family of rockets from the ground up, including main and upper stage engines, the cryogenic tank structure, avionics, guidance & control software and ground support equipment.

With the Falcon 1, Falcon 9 and Falcon 9 Heavy launch vehicles, SpaceX is able to offer a full spectrum of light, medium and heavy lift launch capabilities to our customers. We are able to deliver spacecraft into any inclination and altitude, from low Earth orbit to geosynchronous orbit to planetary missions. The Falcon 9 and Falcon 9 Heavy are the only US launch vehicles with true engine out reliability. They are also designed such that all stages are reusable, making them the world's first fully reusable launch vehicles. And our Dragon crew and cargo capsule, currently under development, will revolutionize access to space by providing efficient and reliable transport of crew and cargo to the ISS and other LEO destinations.

Our design and manufacturing facilities are located near the Los Angeles International airport, leveraging the deep and rich aerospace talent pool available in Southern California . Our extensive propulsion and structural test facilities are located in Central Texas. We currently have launch complexes available in Vandenberg and Kwajalein Island , and in April 2007 we were granted use of and began developing Space Launch Complex 40 at Cape Canaveral.