What is Space X Net Worth 2024 and How of it Does Elon Musk Own?

Space X net worth 2024: Space Exploration Technologies Corp. is an American space manufacturer, a provider of space transportation services, and a communications corporation headquartered in Hawthorne, California. SpaceX was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars.

What is Space X net worth?

Net worth	$76 billion
Founder	Elon Musk
Founded	2002
Services	Orbital rocket launch, satellite internet
Owner	Elon Musk Trust (47.4% equity; 78.3% voting control)[

Space X net worth and Company Profile

Space X net worth 2024: Space X net worth is valued at $76 billion according to Forbes Magazine. The company achieved this value after it raised raised $850 million in February 2021.

Space Exploration Technologies Corp. (doing business as SpaceX) is an American aerospace manufacturer, a provider of space transportation services, and a communications corporation headquartered in Hawthorne, California. 

SpaceX was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars. SpaceX manufactures the Falcon 9 and Falcon Heavy launch vehicles, several rocket engines, Cargo Dragon, crew spacecraft, and Starlink communications satellites.

Achievements

SpaceX’s achievements include the first privately funded liquid-propellant rocket to reach orbit around Earth, the first private company to successfully launch, orbit, and recover a spacecraft, the first private company to send a spacecraft to the International Space Station, the first vertical take-off and vertical propulsive landing for an orbital rocket, the first reuse of an orbital rocket, and the first private company to send astronauts to orbit and to the International Space Station. SpaceX has flown the Falcon 9 series of rockets over one hundred times.

The company is also developing Starship, a privately funded, fully reusable, super heavy-lift launch system for interplanetary spaceflight. Starship is intended to become SpaceX’s primary orbital vehicle once operational, supplanting the existing Falcon 9, Falcon Heavy, and Dragon fleet. Starship will have the highest payload capacity of any orbital rocket ever built on its debut, scheduled for 2022.

Space X satellite internet

SpaceX is developing a satellite internet constellation named Starlink to provide commercial internet service. In January 2020, the Starlink constellation became the largest satellite constellation ever launched. 

How much of SpaceX does Elon own?

Elon Musk onw s about 48% of the company and also holds a 78.3% of voter control. Musk is currently the richest person in the world and also owns Electric car Manufacturing company Tesla.

Does SpaceX make a profit?

SpaceX makes money by charging both governmental and commercial customers to send goods into space. These goods include ISS supplies and infrastructure, but also people and satellites for various purposes.

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Source: Glusea