By: Joseph Reis – X Tech News

Facts to Know about the SpaceX

SpaceX is a company founded in the year 2002 to develop spacecraft and launch space rockets. The man behind this company is Elon Musk, a serial entrepreneur from South Africa. The company SpaceX has been making noise ever since after its first launched. The founder of the SpaceX, Elon Musk was the first to privately put a payload in earth’s orbit. Since 2008, the company founded by Musk continues to impress and even win contracts from NASA. Here are the things you need to know about the amazing SpaceX:

About Elon Musk

The founder of the company, Elon Musk is a native of South Africa. He is an entrepreneur and has earned his degree from the University of Pennsylvania. Elon decided to launch rockets for the reason that, he just wanted to. Though he has never been to any training regarding rockets and the way they must be launched, still he manages to succeed in doing the job. He was also the co-founder of the PayPal and the founder of the Tesla Motors. In the year 2002, he then decided into the world of Space Exploration which he called SpaceX.

SpaceX vs. Other Companies

If you are wondering what is with the SpaceX and what makes it very popular? Here’s the answer: During its first shot in the year 2010 when it became the first company to launch and orbit the earth and successfully return back to earth, the company has gained the respect of many other companies. Since the company is the first private company to successfully launched and orbit the earth, even the very popular NASA shows its support to the SpaceX.

SpaceX Competitors

Despite the fact that SpaceX manages to impress other companies and even NASA, there are still other companies who never stop to compete with them. One of the competitors of Musk is Boeing who continuous to develop spacecraft to be launch for its next mission. The United Launched Alliance is a partnership between Boeing and Martin. Therefore, SpaceX is in Great War.

SpaceX Ultimate Goal

One of the ultimate goals of Musk together with his team on SpaceX is the idea of sending people to the planet Mars by 2024. Well, Musk is confident enough to achieve this goal. He even estimated that every seat may take more or less $500, 000. But, Musk believes that taking people to Mars is a risk to take.

Is it Profitable?

Since SpaceX is a private company, which means it is a little bit hard to determine and they are not open for any inspection. However, according to SpaceX, they have S4.2 billion contracts alone from NASA. The company continues to accept offers from different satellite launches thus making the company somehow profitable. There are also rumors that Musk will go public.

Elon Musk and the SpaceX has made history because of their milestones. Aside from being the only private company to orbit the Earth and return back in 2010, the SpaceX made another history and milestone in the year 2012. After its success, its spacecraft, the Dragon has been a cargo spacecraft and serves as the service cargo spacecraft of NASA.

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