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    History12 PDF

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    Ritwik Roy
    Elon Musk conceptualized a project called Mars Oasis in 2001 to land a greenhouse on Mars and grow plants. This was intended to regain public interest in space exploration and increase NASA's budget. Musk realized he could start a company to build affordable rockets after failing to find inexpensive rockets from Russia. He calculated that raw materials were only 3% of the cost of a rocket, so by producing in-house and taking a modular approach, SpaceX could cut costs by 90% and enjoy high margins. In 2002, Musk founded SpaceX after hiring rocket engineer Tom Mueller, growing it to thousands of employees located in California. As of 2018, SpaceX had over 100 launches contracted worth $12 billion, serving both commercial

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    History12 PDF

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    Ritwik Roy
    89 views3 pages
    Elon Musk conceptualized a project called Mars Oasis in 2001 to land a greenhouse on Mars and grow plants. This was intended to regain public interest in space exploration and increase NASA's budget. Musk realized he could start a company to build affordable rockets after failing to find inexpensive rockets from Russia. He calculated that raw materials were only 3% of the cost of a rocket, so by producing in-house and taking a modular approach, SpaceX could cut costs by 90% and enjoy high margins. In 2002, Musk founded SpaceX after hiring rocket engineer Tom Mueller, growing it to thousands of employees located in California. As of 2018, SpaceX had over 100 launches contracted worth $12 billion, serving both commercial

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    Elon Musk conceptualized a project called Mars Oasis in 2001 to land a greenhouse on Mars and grow plants. This was intended to regain public interest in space exploration and increase NASA's budget. Musk realized he could start a company to build affordable rockets after failing to find inexpensive rockets from Russia. He calculated that raw materials were only 3% of the cost of a rocket, so by producing in-house and taking a modular approach, SpaceX could cut costs by 90% and enjoy high margins. In 2002, Musk founded SpaceX after hiring rocket engineer Tom Mueller, growing it to thousands of employees located in California. As of 2018, SpaceX had over 100 launches contracted worth $12 billion, serving both commercial

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    89 views3 pages

    History12 PDF

    Uploaded by

    Ritwik Roy
    Elon Musk conceptualized a project called Mars Oasis in 2001 to land a greenhouse on Mars and grow plants. This was intended to regain public interest in space exploration and increase NASA's budget. Musk realized he could start a company to build affordable rockets after failing to find inexpensive rockets from Russia. He calculated that raw materials were only 3% of the cost of a rocket, so by producing in-house and taking a modular approach, SpaceX could cut costs by 90% and enjoy high margins. In 2002, Musk founded SpaceX after hiring rocket engineer Tom Mueller, growing it to thousands of employees located in California. As of 2018, SpaceX had over 100 launches contracted worth $12 billion, serving both commercial

    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    of 3

    In 2001, Elon Musk conceptualized Mars Oasis, a project to

    land a miniature experimental greenhouse and grow plants on


    Mars. He announced that "This would be the furthest that
    life's ever traveled"[27] in an attempt to regain public interest in
    space exploration and increase the budget of NASA.[28][29][30]
    Musk tried to buy cheap rockets from Russia but returned
    empty-handed after failing to find rockets for an affordable
    price.[31][32] On the flight home, Musk realized that he could
    start a company that could build the affordable rockets he
    needed.[32] According to early Tesla and SpaceX investor
    Steve Jurvetson,[33] Musk calculated that the raw materials for
    building a rocket actually were only three percent of the sales
    price of a rocket at the time. By applying vertical
    integration,[31] producing around 85% of launch hardware in-
    house,[34][35] and the modular approach from software
    engineering, SpaceX could cut launch price by a factor of ten
    and still enjoy a 70% gross margin.[36]

    Launch of Falcon 9 carrying ORBCOMM OG2-M1


    In early 2002, Musk was seeking staff for his new space
    company, soon to be named SpaceX. Musk approached rocket
    engineer Tom Mueller (later SpaceX's CTO of Propulsion)
    and Mueller agreed to work for Musk, and thus SpaceX was
    born.[37] SpaceX was first headquartered in a warehouse in El
    Segundo, California. The company grew rapidly, from 160
    employees in November 2005 to 1,100 in 2010,[38][39] 3,800
    employees and contractors by October 2013,[40] nearly 5,000
    by late 2015,[41][42] and about 6,000 in April 2017.[43] As of
    November 2017, the company had grown to nearly 7,000.[44]
    In 2016, Musk gave a speech at the International
    Astronautical Congress, where he explained that the US
    government regulates rocket technology as an "advanced
    weapon technology", making it difficult to hire non-
    Americans.[45]

    Falcon 9 rocket's first stage on the landing pad after the


    second successful vertical landing of an orbital rocket stage,
    OG2 Mission.
    As of March 2018, SpaceX had over 100 launches on its
    manifest representing about $12 billion in contract revenue.[46]
    The contracts included both commercial and government
    (NASA/DOD) customers.[47] In late 2013, space industry
    media quoted Musk's comments on SpaceX "forcing…
    increased competitiveness in the launch industry", its major
    competitors in the commercial comsat launch market being
    Arianespace, United Launch Alliance, and International
    Launch Services.[48] At the same time, Musk also said that the
    increased competition would "be a good thing for the future of
    space". Currently, SpaceX is the leading global commercial
    launch provider measured by manifested launches.[

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