When Will We See a SpaceX IPO?

October 16, 2016 – 01:02 am

DragonThe universe is a massive place. We live on planet earth in a galaxy where there are between 200-400 billion stars and at least 100 billion planets. This one galaxy we live in, we call the Milky Way. So how many galaxies are there just like ours? According to the space telescope Hubble, there are an estimated 100 billion galaxies in the universe. This is a massive expanse for mankind to explore. NASA has done a great job of taking a look at what’s out there, but hasn’t there been any interest from the corporate world to explore space? There is one venture backed private company that has stated their ultimate goal is to enable people to live on other planets. This company is called SpaceX and was founded by Elon Musk who has an almost cult-like following of investors who see him as the leading visionary today who is making things happen with his very successful forays into solar power (SolarCity) and electric vehicles (Tesla).

Founded in 2002, Space Exploration Ventures (SpaceX) has taken in an incredible $1.2 billion in funding so far from big players like Google, Fidelity, and Draper Fisher Jurvetson. What’s most interesting about this huge chunk of funding is that $1 billion of it was taken in one round, a late stage Series E funding round that closed in January 2015. Having grown to 4, 000+ employees today, Elon Musk seeded SpaceX himself with $100 million in 2006 and serves as the current CEO and Chief Designer. SpaceX is now valued at 12 unicorns or $12 billion.

Given the nature of their business, it’s easy to assume that SpaceX is a very capital intensive operation which is decades away from profitability. Remarkably, SpaceX states that they are profitable and cash flow positive. With over 50 launches on their manifest, they claim to have over $5 billion in contracts. One of these contracts is with NASA in the amount of $1.6 billion in which SpaceX will conduct at least 12 cargo resupply missions to the International Space Station with crew carrying missions in the “near future”.

SpaceX is developing three pieces of hardware to conduct space missions. The Falcon 9 is a two-stage rocket that propels payloads into space, with 19 successful launches to date. With nine engines, the Falcon 9 can sustain up to two engine shutdowns during flight and still successfully complete its mission. The optimal payload for the Falcon 9 is the SpaceX spacecraft called the Dragon.


Source: www.nanalyze.com

You might also like:

Los Angeles Times Originals _ City Cyclists Competing for
Los Angeles Times Originals _ City Cyclists Competing for ...
SpaceX
SpaceX
Elon Musk: 10 Lessons In Business, Innovation And Entrepreneurship From The Self-Made Billionaire And Visionary (Tesla, SpaceX, And The Quest For A Fantastic Future)
eBooks ()

Related posts:

  1. When is SpaceX IPO
  2. SpaceX Live
  3. SpaceX Legs
  • avatar Where is the filming location of Mission Control ?
    • Stage 4, Warner Brothers Burbank Studios - 4000 Warner Boulevard, Burbank, California, USA


  • avatar Where in Texas is Mission Control?
    • Mission control is in Houston Texas at the Johnson spacecraft center.