SpaceX is one of the most popular space transport company in the world. Today we explain about this company.

SpaceX

Space Exploration Technologies Corp doing business as SpaceX. It is a private American aerospace manufacturer and space transport services company headquartered in Hawthorne, California. It was founded in 2002 by entrepreneur Elon Musk with the goal of reducing space transportation costs and enabling the colonization of Mars.

SpaceX has gained worldwide attention for a series of historic milestones. It is the only private company ever to return a spacecraft from low-Earth orbit. which it first accomplished in December 2010. The company made history again in May 2012 when its Dragon spacecraft delivered cargo to and from the International Space Station. A challenging feat previously accomplished only by governments. Since then Dragon has delivered cargo to and from the space station multiple times, providing regular cargo resupply missions for NASA.

In 2017, SpaceX successfully achieved the first re-flight of an orbital class rocket. A historic milestone on the road to full and rapid rocket reusability.

 Elon Musk

Musk (b. 1971) is a South African-born entrepreneur with degrees in business and physics from the University of Pennsylvania. And he’s launching rockets because of he just kind of decided to. That’s the short answer, and it’s not much different from the long answer. 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. He has since founded Tesla Motors and SolarCity—a solar energy company. In the early 2000s, he and others saw the opening NASA  created 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 going into competition with other, generally more-established companies such as Boeing and Virginia-based Orbital Sciences.

 The specialty of SpaceX

SpaceX scored its first big headline in 2010 when it became the first private company to launch a payload into orbit and return it to Earth intact. Something only government agencies like NASA or Russia’s Roscosmos had done before.

Its upright landing and recovery of the first stage of the Falcon 9 rocket on Dec. 21, 2015, was another first. Blue Origin, owned by Amazon founder Jeff Bezos, sent a rocket to the edge of space and landed it upright earlier this year. But it was a demonstration flight and did not achieve orbit.

 SpaceX’s Ultimate Goals

Becoming the Apple of the rocket business is one way of looking at it. Though Musk demurs on that analogy without demurring on the idea of assuming a similarly dominant role in the space sector. His biggest, dreamiest target is sending people to Mars—which does not make him unusual unless he can actually achieve it. He boasts that he could fly human passengers there for as little as $500,000 per seat. But in this case, he may be over-promising. The laws of economics might be even harder to overcome.Then the laws of physics, and neither has been cracked sufficiently yet to make a Mars mission achievable. As for whether Musk himself would go? “I would like to go to space, but I have to forgo that,” he told TIME in 2012, citing his five sons and multiple companies. “I have to be careful with personal risks.”