Overview
SpaceX, founded in 2002 by Elon Musk, is an aerospace manufacturer and space transportation company dedicated to reducing space transportation costs and enabling the colonization of Mars. The company has revolutionized the space industry through its development of reusable rocket technology, particularly the Falcon 9 and Falcon Heavy launch vehicles. SpaceX has achieved numerous historic firsts, including the first privately funded spacecraft to reach orbit, the first private company to send a spacecraft to the International Space Station, and the first to land an orbital rocket booster. Currently valued at $350 billion, SpaceX operates two major business lines: launch services and Starlink satellite internet. With over 8.5 million Starlink subscribers and dominating approximately 66% of NASA’s launches, SpaceX has become the world’s most valuable private company in the aerospace sector.
Products & Technology
- Falcon 9: Two-stage reusable orbital rocket with 66% of NASA launches
- Falcon Heavy: Super heavy-lift launch vehicle for large payloads
- Starship: Fully reusable spacecraft designed for Mars missions
- Dragon: Spacecraft for cargo and crew to the ISS
- Starlink: Satellite internet constellation with 8.5M+ subscribers
- Starshield: Military-grade satellite services for government use
- Raptor Engine: Advanced full-flow staged combustion rocket engine
2024-2025 Highlights
- Achieved $350B valuation in December 2024 tender offer
- Generated $13.1B in revenue in 2024 (up from $8.7B in 2023)
- Starlink surpassed 8.5M subscribers globally by September 2025
- Starlink became majority revenue driver at 58-62% of total revenue
- Launched 134 Falcon missions in 2024 (66% for Starlink deployment)
- Achieved profitability milestone with Starlink generating positive cash flow
- Signed $1.8B contract with NRO for Starshield satellites
- Planning record-breaking IPO targeting $1.5T valuation in 2026
Funding Rounds
| Announced | Money Raised | Round | Valuation | Investors |
|---|---|---|---|---|
| Dec 2024 | $500M | Tender Offer | $350B | Employee Share Sale |
| Aug 2024 | Undisclosed | Secondary | $210B | Existing Investors |
| Jan 2023 | $750M | Series J | $137B | Andreessen Horowitz |
| Jun 2022 | $1.68B | Series I | $127B | Mirae Asset, Space.VC, Kinetic |
| Feb 2021 | $1.16B | Series H | $74B | Sequoia Capital, Valor Equity Partners, Coatue, Fidelity |
| Aug 2020 | $1.9B | Series G | $46B | Multiple Investors |
| May 2019 | $1.33B | Series F | $33.3B | Various Investors |
| Jan 2015 | $1B | Series E | $12B | Google, Fidelity Investments |
| 2008 | $20M | Series A | N/A | Founders Fund |
| 2002 | $100M | Initial | N/A | Elon Musk |