SpaceX or Space Exploration Technologies Corporation manufactures space launch vehicles (rockets) and space crafts. It is a privately owned space services company, which aims to tap emerging market for private and commercial space transport.. This company was founded by Elon Musk of PayPal fame in June 2002 and employs more than 900 people as on date. Elon is the current CEO and CTO of SpaceX. It is based in Hawthorne, California.
SpaceX designs and manufactures most of its components, like engines, in house. This has ensured quality output. Merlin, Draco and Kestrel are rocket engines which were manufactured by SpaceX. This company has developed Falcon 1 and Falcon 9 launch vehicles. Falcon 1 is the world’s first privately developed liquid fuel rocket to achieve Earth orbit. SpaceX is also developing Dragon reusable space craft under NASA’s Commercial Orbital Transportation Services (COTS) program.
SpaceX believes that simplicity, low cost and reliability can go hand in hand. It has increased its efficiency and reduced costs by reducing layers of management and eliminating sub contractors.
SpaceX has got recognition from United States Air Force and NASA. SpaceX and Orbital were awarded contracts worth $3.5 billion by NASA in 2008 for resupplying the International Space Station. SpaceX is expected to be able to fly its first manned mission by 2015.
SpaceX is definitely an exciting company. Very soon human being’s dream of colonizing other planets may come true, thanks to companies like SpaceX. For further information about SpaceX, you can visit the company website www.spacex.com