Spacex facts and history | Elon Musk

Spacex facts and history | Elon Musk

SpaceX facts and history | Elon Musk

SpaceX is a privately owned company that continues to impress by launching unmanned cargo vehicles to the International Space Station and succeeding in doing so over and over again the company was founded by Elon Musk the amazing entrepreneur who has an eye for successful businesses he built the company from scratch with the main purpose of developing affordable space vehicles and enabling Mars colonization in the future one of EIoan's long-term plans SpaceX became one of the most talked-about companies after launching a Tesla Roadster into space and people associated with innovation and crazy long term goals.


1. SpaceX had a humble beginning

 

SpaceX wasn't always about heavy and powerful rockets launched into space in fact, in the beginning, SpaceX started off in the satellite business in 2002 Elon Musk was looking to hire staff for his brand new company and found Tom Muller a rocket engineer who's now SpaceX's CTO of propulsion within four years musk had already invested 100 million dollars in the company and decided to give space a go even if they started off working from a warehouse in California in 2008 SpaceX was given an investment of 20 million dollars for development from founders spun and in 2012 two-thirds of the company was owned by its founder.


2. NASA's astronauts will be taken to space by SpaceX Rockets

 

NASA gave SpaceX and Boeing contracts for building space systems that are reliable safe and cost-effective to carry astronauts to and from the ISS through a public/private approach SpaceX plans to undergo significant testing to ensure all safety requirements are met the company is scheduled to have six crew members sent to the ISS between 2019 and 2020 for at the moment SpaceX is making serious progress on building the spaceships carrier called crew Dragon that is currently in various stages of production and testing SpaceX will make the first uncrewed demonstration to and from the International Space Station at the end of 2018 the contract for this project for SpaceX alone is worth $2.6 billion.


3. SpaceX works on making humanity a multi-planetary species

 

When he founded SpaceX Elon Musk had one goal establishing a human foothold on Mars by reducing the cost of launching material into space for the past 10 years SpaceX has worked to improve the landing technology and to optimize boosters in order to be 100% reusable the main goal of all of these improvements is to make trips to Mars more affordable at $500,000 per ticket at the beginning instead of billions of dollars the CEO of SpaceX thinks the secret lies in the refinement of reusable technology and he already announced his plans to build a large spaceship to reach Mars and plans to land at least two uncrewed cargos onto the planet by 2022.


4. SpaceX was the first company to launch into space a privately built Spacecraft

 

In 2010 SpaceX became the first private company to launch a craft to the International Space Station and return it back to earth the test flights goal was to demonstrate that private industry can easily do the job at a fraction of the cost more than that they wanted to take back the US access to the ISS after NASA retired its space shuttle and they really made history with the launch of their Dragon spacecraft in 2010 it was the first commercial space capsule to enter the international space station and it was built to carry cargo and seven people up to space SpaceX aim to use this capsule also to carry astronauts to Mars in the future. 


5. SpaceX is worth $24 billion

 

Over the years SpaceX has been involved in many successful projects which makes it easy to overlook the fact that the company is still in the startup mode however due to their late success and the lower cost achievements the company is now worth $24 billion it seems like everybody wants a little piece of the SpaceX pie but at this moment only tech giants and venture capitalist firms can invest in the company companies like Capricorn venture partners Valor Equity Partners fidelity investments and Google's firm alphabet Inc have invested in SpaceX but this can't go public because of a potential merger that SpaceX wants to avoid.


6. In 2015 one of SpaceX s rockets Exploded

 

On June 28, 2015, after two minutes and 19 seconds from launch, Falcon 9 burst out into flames the mission of the rocket was to deliver cargo to the international space station but unfortunately as we said it exploded luckily though no humans were on board after 18 successful launches this was the first Falcon 9 that failed Elon Musk said the cause of the explosion was a rupture in the Rockets liquid oxygen tank and the whole failure cost the company $260 million there were 5,000 pounds of supplies including food and science experiments inside the Dragon cargo ship that was affixed to the top of the rocket however the explosion didn't destroy the dragon and the capsule continued to send data back until it disappeared.


7. There's a rivalry going on between Elon Musk and Mark Zuckerberg

It all began in 2016 when a $200,000,000 internet.org satellite owned by Zuckerberg exploded in one of the pre-launch test fire accidents of one of Musk's Rockets back then the CEO of Facebook responded with a message in which he stated he was very disappointed with a SpaceX failure after only a year another Feud worthy subject popped out the usage of AI Elon Musk said that when it comes to technologies as artificial intelligence people need to be more cautious because humans can lose control of their artificial creations in response Mark Zuckerberg said that musk is a naysayer and he spreads too much unnecessary negativity not long after the Cambridge analytic a saga emerged and Elon Musk deleted both SpaceX and Tesla spaces from Facebook.


8. The CEO of SpaceX admitted that creating a rocket company must be a dumb idea

 

Creating a start-up is a big decision even if you worry about the profit or the services you offer even if you worry about the profit or if the services you offer are reliable every step you take is like a walk on a minefield imagine how it feels when your startup plans to make Rockets be launched into space Elon Musk admitted on Twitter that creating a rocket company may be the dumbest way to make money but the billionaire CEO founded SpaceX because he believed in the company's power to change the world for the better and despite the risks he wanted to find a solution for things that are important to our lives and don't seem to be working currently he also has a lot of money so pouring that into a solution-driven startup is not exactly a problem.


9. SpaceX has a University internship program

 

SpaceX gives fresh minds the opportunity to be a part of their internship program which runs for 12 weeks every year their program is a big chance for those who want to play a direct role in transforming space exploration and realize the next evolution in a multi-planetary species this internship doesn't include typical tasks such as getting coffee or distributing the correspondence, in fact, SpaceX integrates interns directly into their future role of full-time engineers this selection process is very thorough as you can imagine but those who make it through surely have a story to share the selected interns go through a series of phone interviews and screenings sometimes they even need to complete quizzes projects or tests successful candidates are given financial compensation housing assistance and access to training events.


10. The US Air Force awarded SpaceX with a $291 million contract

 

SpaceX received from the US Air Force a $291 billion contract to launch a military GPS 3 satellite by 2020 with the possibility to launch two more afterward one of the main reasons for winning this contract was SpaceX's lower price of execution and proven reliability. The Air Force wants satellites equipped with significantly improved anti-jamming capabilities and more accurate than previous ones also the new satellites are built in order to increase military capabilities for warfighting operations the launch will take place either at Cape Canaveral Air Force Station or the Kennedy Space Station between late 2019 and early 2020.


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