The recent covid pandemic has disturbed the whole world. People are no more interested to stay here. So, what is the solution? Should we move to another planet? Well, it’s not that simple. Space research is going on for so many years to find life on other planets. Governmental organizations like NASA, ISRO, and others are continuously doing experiments to get the breakthrough related to space technology.
There is one private startup that is also committed to establishing human being on Mars. The name of that space organization is SpaceX. Elon Musk, the founder of SpaceX said that he has two major missions of his life. First, to make life better on earth. Second, establishing a human colony on Mars.
For strengthening its mission at Earth, Elon Musk has brought electric vehicle revolution with the help of Tesla cars. In a short period, his firm has become the largest automaker in the world. His electric vehicle products are committed to providing a pollution-free environment.
What about SpaceX? What are the latest developments related to its operations? How near it is to achieve the Mars Mission success? Let us go through the SpaceX incredible journey.
SpaceX Promising Beginning
SpaceX is a private firm, founded on 6 May 2002. The firm has its headquarter in California, US. Elon Musk, the founder of SpaceX, started the company to design, manufactures, and innovate new and advanced products for space. Transportation cost for space is quite high. That is why the firm is committed to reducing that cost with its innovative space rockets.
Space Exploration Technologies Corp., popularly known as SpaceX, has become a strong brand now. The startup has launched many space products successfully. SpaceX is the only private firm that has sent the spacecraft to the International Space Station in 2012.
SpaceX made the affordable spacecraft a reality with its innovative technology. The firm started its operations with a 75000 square feet manufacturing unit in El Segundo, California. In 2003, the company announced the Falcon1 launch. Within 7 years of its operations, SpaceX opened the advanced Astronaut Safety and Mission Assurance Department. To strengthen its operations, the company took the services of Ken Bowersox, Ex- NASA astronaut. He later became the Vice President of the company.
Financial Growth of SpaceX
Investors have shown a lot of trust in Elon’s ideas related to Space technology. The firm has successfully closed 27 financial rounds to raise $3.5 billion. The company saw a surge in its valuation to $74 billion due to the total funding raised.
The company is revolutionizing the internet ecosystem with its new project named Starlink. As per the latest reports, 10000+ users have already enjoyed the impeccable services of Starlink in the US, UK, and Canada.
Boeing, Blue Origin, and Virgin Galactic are the major competitors of SpaceX in the private sector.
It will be interesting to see when the world will be ready to start its journey on Mars. SpaceX will play a key role in the Mars mission. People are quite satisfied with the latest progress done by SpaceX. If it continues this way, the day is not far when Elon Musk dream project will become the reality.
