In an era when most technology based products follow a path of ever-increasing capability and reliability while simultaneously reducing costs, launch vehicles today are little changed from those of 40 years ago. SpaceX aims to change this paradigm by developing a family of launch vehicles which will ultimately reduce the cost and increase the reliability of space access by a factor of ten. Coupled with the newly emerging market for private and commercial space transport, this new model will re-ignite humanity’s efforts to explore and develop Space.
SpaceX is based on the philosophy that simplicity, low-cost, and reliability can go hand in hand. By eliminating the traditional layers of management, internally, and sub-contractors, externally, they reduce costs while speeding decision making and delivery. Likewise, by keeping the vast majority of manufacturing in house, they keep tighter control of quality, and ensure a tight feedback loop between the design and manufacturing teams.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 08/05/08 | Series A | 20M | Unknown |