How much money does SpaceX make?
|Headquarters in December 2017; plumes from a flight of a Falcon 9 rocket are visible overhead|
|Services||Orbital rocket launch, satellite internet|
|Revenue||US$2 billion (2018)|
|Owner||Elon Musk Trust (47.4% equity; 78.3% voting control)|
|Number of employees||12,000 (April 2022)|
Who gives SpaceX money?
Funding. SpaceX is privately funded. SpaceX developed its first launch vehicle—Falcon 1—and three rocket engines—Merlin, Kestrel, and Draco—completely with private capital.
What made SpaceX successful?
Part of the rocket’s cost-effectiveness was made possible by the SpaceX-developed Merlin engine, a cheaper alternative to those used by other companies. SpaceX also focused on making reusable rockets (other launch vehicles are generally made for one-time use).