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    Leadership & Change Assignment

    Uploaded by

    Gurjeet Singh
    Elon Musk founded SpaceX in 2002 with the goal of reducing the cost of space transportation to 1/10th of current costs and enabling the colonization of Mars. At the time, space travel was very expensive and done primarily by governments. Musk designed reusable rockets like airplanes to lower costs. He taught himself rocketry by reading books after failing to get help from Russia. With no funding initially, Musk self-funded SpaceX from his own pocket. By making 80% of parts in-house, SpaceX achieved several firsts like being the first private company to launch a liquid-fueled rocket into orbit in 2008. Musk's leadership and vision have transformed both space exploration and electric vehicles

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    Leadership & Change Assignment

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    Gurjeet Singh
    85 views4 pages
    Elon Musk founded SpaceX in 2002 with the goal of reducing the cost of space transportation to 1/10th of current costs and enabling the colonization of Mars. At the time, space travel was very expensive and done primarily by governments. Musk designed reusable rockets like airplanes to lower costs. He taught himself rocketry by reading books after failing to get help from Russia. With no funding initially, Musk self-funded SpaceX from his own pocket. By making 80% of parts in-house, SpaceX achieved several firsts like being the first private company to launch a liquid-fueled rocket into orbit in 2008. Musk's leadership and vision have transformed both space exploration and electric vehicles

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    Elon Musk founded SpaceX in 2002 with the goal of reducing the cost of space transportation to 1/10th of current costs and enabling the colonization of Mars. At the time, space travel was very expensive and done primarily by governments. Musk designed reusable rockets like airplanes to lower costs. He taught himself rocketry by reading books after failing to get help from Russia. With no funding initially, Musk self-funded SpaceX from his own pocket. By making 80% of parts in-house, SpaceX achieved several firsts like being the first private company to launch a liquid-fueled rocket into orbit in 2008. Musk's leadership and vision have transformed both space exploration and electric vehicles

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views4 pages

    Leadership & Change Assignment

    Uploaded by

    Gurjeet Singh
    Elon Musk founded SpaceX in 2002 with the goal of reducing the cost of space transportation to 1/10th of current costs and enabling the colonization of Mars. At the time, space travel was very expensive and done primarily by governments. Musk designed reusable rockets like airplanes to lower costs. He taught himself rocketry by reading books after failing to get help from Russia. With no funding initially, Musk self-funded SpaceX from his own pocket. By making 80% of parts in-house, SpaceX achieved several firsts like being the first private company to launch a liquid-fueled rocket into orbit in 2008. Musk's leadership and vision have transformed both space exploration and electric vehicles

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    LEADERSHIP & CHANGE

    ASSIGNMENT

    By
    Gurjeet Singh (S183F0014)
    Submitted To:-
    Dr. Kalindi Maheshwari
    ELON MUSK & HIS JOURNEY OF SPACEX

    Back in 2001 if you were to ask someone that is it possible to go in space with
    any government’s aid or intervention they most probably would have laughed
    at you.

    Although technology has evolved at the rate of light speed, space travelling
    was largely left behind. A major issue in space travelling was that it was
    expensive and space explorations were run by the governments.

    In 2002 SpaceX was founded by Elon Musk CEO of Tesla Motors & a great
    visionary who co-founded companies such as Zip2, PayPal (Earlier known as
    X.com).

    The major goal of Elon Musk was to create technology which can help in
    reducing the cost of space transportation and space exploration to the 1/10th
    of the current cost. Another long term goal of Elon Musk is to enable
    colonisation of Mars.

    The vision that was adopted by Elon Musk was to design and develop relatively
    inexpensive, reusable rockets similar to commercial airlines.
    Initially, he thought of getting help from the Russian space agency for old
    rocket designs but he failed.
    After failing, he sorted to learn by himself by reading books on space
    technology and space exploration.
    Even after having this vision he did not get any funding as not all people
    believed in private space travelling, as a result, Musk had to fund all of the
    projects from his own pocket.
    Because of the limited funds, Musk started to find low-cost ways to produce
    engine and parts of the rockets. For that matter, about 80% of the parts were
    made in-house which cuts the margins of suppliers, etc. (Some parts were 3D-
    printed for the Dragon V2 Engine)

    Gurjeet Singh S183F0014 MBA 1ST Year


    SpaceX’s Accomplishments

    • In 2008 – SpaceX became first privately funded company to launched


    liquid propelled rocket (Falcon 9) which reached orbit.
    • In 2010 –It was the first privately funded company which launched,
    orbited and recovered a spacecraft.
    • In 2012 – It became private company to send a spacecraft to The
    International Space Station.
    • In 2013 –It delivered a satellite, marking its first delivery beyond earth’s
    orbit.
    • In 2015 –SpaceX successfully retrieved 1st stage booster back to the
    ground.

    Leadership Traits of Elon Musk

    When Elon started SpaceX, he came from the software engineering and
    management role in PayPal. With no experience or knowledge in the field of
    rocket science. He turned his way towards reading books and learn rocket
    science.
    Initially, he relied on the text-books for the bulk of his rocketry knowledge.
    Later when he hired rocket scientists and other competent individuals he
    started to learn a great deal from them.

    Conclusion
    At last, I wanted to conclude that although we tent to take granted the
    changes around us, those changes affect our lives more than we all can
    imagine.
    And those changes don't just take place themselves, usually, there is someone
    who dedicates his/her whole life to make that change which shapes our reality
    directly or indirectly.
    Elon Musk didn't just change the reality of just cheaper space exploration, he
    also changed the reality of practical electric cars through Tesla Motors,
    introduced PayPal which changed the landscape of online payments.

    Gurjeet Singh S183F0014 MBA 1ST Year


    References

    https://qz.com/153969/spacex-just-made-rocket-launches-affordable-heres-how-it-could-make-
    them-downright-cheap/

    https://www.space.com/31511-spacex-rocket-landing-great-shape-photos.html

    https://www.quora.com/how-did-elon-musk-learn-enough-about-rockets-to-create-and-run-spacex

    https://www.engadget.com/2017/09/29/space-x-mars-bfr-elon-musk/

    https://pagely.com/blog/leadership-lessons-from-elon-musk/

    Gurjeet Singh S183F0014 MBA 1ST Year

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