What you need to know about SpaceX
SpaceX was founded in 2002 by billionaire businessman and inventor Elon Musk. The company is focused on space exploration and space technology. The company is famous for its Starlink satellite constellation – which aims to provide free, fast-paced internet to the world’s population.
It’s also the first private company that has sent humans to the International Space Station (ISS), and the first to reuse a rocket capable of orbit.
What is SpaceX’s business model?
SpaceX’s business model is set around the human exploration of space. The company’s founder and chief executive officer (CEO) Elon Musk has been vocal in his support for the human colonisation of Mars, and his company is fully behind the research and development of spaceflight technology.
SpaceX is currently developing several cutting-edge spacecrafts, including the SpaceX Starship – a reusable spaceship that will be the largest rocket mankind has ever made.
Could SpaceX go public?
SpaceX has been a private company since it was founded. But, that’s not to say that it’ll remain so, as continued investment will likely be crucial if SpaceX is to continue leading the field in space exploration.
That said, with the backing of Elon Musk and his billions, it’s uncertain whether the founder and CEO would relinquish partial control of the company that he has put so much work into. At the time of writing, Musk owned about 54% of SpaceX stock.