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SpaceX Stock

Space transportation

About SpaceX Stock

EquityZen's Take: Elon Musk's Reusable Rocket Company

Space Exploration Technologies - aka SpaceX - designs, manufactures, and launches advanced rockets and spacecraft. Led by Elon Musk, SpaceX is perhaps most well known for its reusable rockets.

In March 2017, SpaceX became the first company in the world to reuse a rocket that is sent to space. The ability to reuse rockets is paramount to the future accessibility of space. Otherwise, the costs will become prohibitively expensive. 

Musk likens the reusability of rockets to airplanes, noting that there are no rockets like that today, but that it will revolutionize access to space once that technology takes hold.

Most recently, there has been a wave of excitement around SpaceX regarding their satellite ambitions and Starlink internet project. In May 2019, CNBC reported that SpaceX’s valuation has increased to $33 billion on the back of a $536 million funding round.

Starlink is SpaceX’s experimental high-speed internet program that will leverage satellites to beam wireless broadband services back down to Earth. In May, SpaceX launched 60 experimental Starlink satellites and announced that they expect to start offering broadband services in 2020. In a clever marketing tactic and test of the system, Musk sent a test tweet via the Starlink terminal that he has at his house. The test was successful.

SpaceX competes with Blue Origin (founded by Amazon billionaire Jeff Bezos), United Launch Alliance (formed by aerospace giants Boeing and Lockheed Martin), Virgin Orbit (created by Richard Bronson of Virgin brand fame), and others like China and NASA. 

Clearly, space is not cheap, as evidenced by the biggest companies being backed by some of the richest people, companies, and governments in the world. But it remains a massive frontier of exploration, discovery, and opportunity.

Investors

Funding History

December 2002$61.0M
December 2002$0
February 2005$11.0M
February 2005$0
February 2007$31.5M
July 2008$29.1M
March 2009$47.3M
October 2010$50.6M
January 2015$1.0B
November 2017$452M
April 2018$507M
February 2020$500M
February 2020$541M
February 2020$314M
February 2020$600M

Management

CEO

Elon Musk

CFO

Bret Johnsen

Board Member (DFJ)

Steve Jurvetson

Press

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from SpaceX or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

Some data provided by Crunchbase

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