SpaceX value soars after successful mission to dock at ISS

November 25, 2017 – 09:21 am
SpaceX Falcon 9 rocket launchSpaceX's next major milestone is a Nasa contract to ferry astronauts to the International Space Station, with a target date of 2015. Photograph: John Raoux/AP

Elon Musk has added another $1.4bn to his fortune after backing the first private company to successfully dock a spacecraft with the International Space Station.

Musk's SpaceX company made history last month when it launched its craft, Dragon, on a successful mission to carry cargo to the ISS, orbiting 200 miles above the earth.

The success of the launch has doubled the value of the company's shares from $10 to $20, according to private company analyst PrivCo. It values SpaceX at $2.4bn and Musk's stake in the firm at $1.6bn.

SpaceX executive Kirstin Brost Grantham has told PrivCo that the privately-held company has entered into $4bn worth of contracts for commercial and government launches through 2017.

President Barack Obama called Musk to congratulate him on SpaceX's success, and the company is now in line for a $1.6bn contract with Nasa for 12 flights using Falcon 9 and Dragon to resupply the International Space Station through 2015. Each flight costs $133m.

Grantham said the latest mission was "an important step in the right direction" but "there is a lot more work to be done." She told PrivCo that Musk "is asking us not to be held by what has been done before but instead by what is possible."

Musk, one of the founders of PayPal, has increasingly focused his energy on technology issues outside the internet. He is also the major backer of Tesla, the electric car company, he is also the chairman of SolarCity, a solar energy company.

The company had major setbacks in its early days. The first three launches of its Falcon 1 rocket failed, and Musk has said one more failure would have killed the venture. Musk has said his ultimate aim is to ferry people to Mars.


Source: www.theguardian.com

You might also like:

特斯拉(Tesla)、SpaceX、太阳城(SolarCity
特斯拉(Tesla)、SpaceX、太阳城(SolarCity ...
Elon_Musk_Speaks_About_Tesla_and_SpaceX_at_Vanity_Fair_s
Elon_Musk_Speaks_About_Tesla_and_SpaceX_at_Vanity_Fair_s ...
ChadYou Clouds In Space Customized X-large Top-shirt Men Cotton Short For Green
Sports (ChadYou)
  • Clouds in spaceX-Large
  • This is pre-shrunk organic cotton t shirt,it won t deform after washing.
  • High quality,soft,comfortable material,feels great!
  • Double-needle sleeve and bottom hem from this custom store.
  • Good gift to you &your friends

Related posts:

  1. Is SpaceX a Part of Tesla
  2. SpaceX Dragon News
  3. SpaceX Dragon Fuel
  4. Is SpaceX Part of Tesla
  5. SpaceX Private shares
  • avatar How does your .NET Software Engineers Hiring model work?
    • IWD is a full fledged .NET division of Stylus Systems Pvt Ltd and we provide you with employees to work on contract basis.