Revolutionising the space industry with the ultimate goal of enabling people to live on other planets.
With the luxury of a blank piece of paper, SpaceX could structure its business and design philosophy around simplicity, innovation and affordability.
Today the company makes most of its revenue from launching satellites into orbit for government and corporate customers, but it continues to invest in future growth.
We are especially excited by the potential to unlock enormous opportunities in global internet connectivity via SpaceX’s ‘Starlink’ satellite network. The Starlink satellites in orbit envelope the Earth and offer broadband connectivity to users, especially those in rural areas without fixed-line connections. Starlink can therefore be an option for those living in remote areas who don't have access to affordable broadband. It has partnered with airlines and cruise ships, and has enabled entire countries experiencing outages to get back online.
Elon Musk, the visionary founder of Tesla, believed that by now, we would have seen massive leaps forward in space travel. When he realised there wasn’t much progress in the pipeline, he decided to drive it forward himself and so came into existence SpaceX. Musk says, “By no means did I think victory was certain. On the contrary, I thought the chances of success were tiny but the goal was important enough to try anyway.”
in December 2018.
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