SpaceX is an American private aerospace manufacturing and
space transportation service company founded in 2002 by Elon Musk.
The main goal of the company is to reducing space transportation costs to
enable the colonization of Mars.
When we talk about spaceX we should know about Elon Musk and why is he
building rockets? Musk (b. 1971) is a South African-born entrepreneur with
degrees in business and physics from the University of Pennsylvania.
Musk has no formal training in rocketry, but he does have an eye for new
markets. He made his initial fortune as a co-founder of PayPal, and has since
founded Tesla Motors and SolarCity—a solar energy company. In the early
2000s, he and others saw the opening NASA was creating by retreating from
the business of launching spacecraft to low earth orbit. In 2002, he jumped
into that gap, founding Space Exploration Technologies Corporation—or
SpaceX’s achievements include the first privately funded liquid-
propalent rocket to reach orbit (falcon 1 in 2008), the first private
company to successfully launch, orbit, and recover a spacecraft (Dragon
in 2010), the first private company to send a spacecraft to the
International Space Station (Dragon in 2012), the first vertical take-off
and vertical propulsive landing for an orbital rocket ( Falcon 9 in 2015),
the first reuse of an orbital rocket (Falcon 9 in 2017), and the first private
company to send astronauts to orbit and to the ISS ( SpaceX crew
Dragon Demo-2 in 2020).
Author: Anjali Anil