Many questions arise when the company SpaceX is brought up, so what actually is it? Do they create space ships? Who’s the Founder? I am here to answer all of these questions.
Space X is an American company that works in the field of space technology based in the state of Texas. The founder of this valuable company is Elon Musk, owner of the social media app Twitter, now named X after his purchase. The company itself was created more than twenty years ago with the purpose of lowering the cost of money required to fund space launches, as it is very pricey. Musk and his company’s overall motivation is to eventually reach Mars.
In 2008, SpaceX nearly went bankrupt due to the failure of the very first three launches which affected the whole company financially. As a consequence, many other companies that Elon Musk owns such as Tesla as well as SolarCity also went bankrupt which worsened the situation. However, this gratefully started to take a positive turn when the fourth ship they launched was a success. SpaceX was able to finance this through government investments. As a result of this, saved the whole company and Elon decided to split a part of his earnings to both his companies SpaceX and Tesla.
SpaceX has made other great achievements. For example it is the first ever private company to send humans into orbit and the International Space Station. The name of this mission was “Crew Dragon Demo-2” and successfully launched on May 30, 2020. This notable mission consisted of two people by the name of Douglus Hurley as well as Robert Behnken who are two NASA astronauts successfully being launched to the International Space Station.
SpaceX, as a whole, has truly changed the space industry because of its notable and great achievements, along with its innovative technology. Through accomplishing these notable missions, Spacex gathered crucial information as to the safety as well as insights as to how effectively the spaceships perform. Despite the company encountering multiple significant challenges throughout the years, SpaceX ended up becoming influential with the crucial help of Elon Musk’s determination and vision in creating these projects.
