What is Space X? - Elon Musk Own Space Transportation and Aerospace Manufacturing Company

SpaceX Logo

1. What is SpaceX?

SpaceX is an American aerospace manufacturer and space transportation service providing company. SpaceX is founded to achieve a goal which is to lower the cost of space travel and transportation and enabling the colonization of Mars.

SpaceX strategy was to use recyclable rocket launches to lower the cost of re-manufacturing the rocket launchers and to schedule more launches faster since there's no requirement of building rocket launches again and again for each and every new launch of payload.

SpaceX won contracts from NASA to space transportation and private space payload launching from satellite launching companies as well. Since the re-usability of the rockets, SpaceX's space transportation got cheap compared with other competitors.

2. History

SpaceX founded by Elon Musk in 6th of May 2002 as Space Exploration Technologies Corporation. SpaceX operates as a private company from the start of the business. SpaceX is headquartered in Hawthorne, California, USA.