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October 13, 2015 2:52 PM ET

Aerospace and Defense

Company Overview of Space Exploration Technologies Corp.

Company Overview

Space Exploration Technologies Corp. designs, manufactures, and launches advanced rockets and spacecraft. The company's products include Falcon 9, a two-stage rocket and Dragon, a free-flying spacecraft. Space Exploration Technologies Corp. was founded in 2002 and is based in Hawthorne, California.

1 Rocket Road

Hawthorne, CA 90250

United States

Founded in 2002





Key Executives for Space Exploration Technologies Corp.

Chief Executive Officer, Chief Technology Officer, and Chief Rocket Designer
Age: 43
President and Chief Operating Officer
Chief Financial Officer and President of Strategic Acquisitions Group
Age: 46
Senior Vice President and General Counsel
Propulsion Chief Technology Officer
Compensation as of Fiscal Year 2015.

Space Exploration Technologies Corp. Key Developments

SpaceX Wins Falcon Heavy Deal for Arabsat 6A

SpaceX has received a contract from Saudi Arabia based satellite operator Arabsat for the launch of Arabsat 6A aboard a Falcon Heavy rocket. The mission is planned for 2018. Under construction by Lockheed Martin, Arabsat 6A will be located at 30.5 degrees east. This satellite, along with Hellas-Sat 4/SaudiGeoSat 1, will grow the operator's fleet to 10 in-orbit operational satellites, providing TV, radio and broadband services. SpaceX expects to launch the satellite from Cape Canaveral Air Force Station in Florida. With these additions, SpaceX currently has more than 60 missions on manifest with the Falcon 9 and Falcon Heavy, representing more than $7 billion under contract. Other Falcon Heavy customers include Intelsat, Inmarsat, ViaSat and the U.S. Air Force.

SpaceX Signs New Commercial Launch Contracts

SpaceX announced two new orders for Falcon 9 and Falcon Heavy launch vehicles. The contracts include launch of a communications satellite for HISPASAT on a Falcon 9 and launch of the Saudi Arabian Arabsat 6A communications satellite on a Falcon Heavy. The above missions are expected to launch from Cape Canaveral Air Force Station in Florida between late-2017 and 2018. With these additions, SpaceX currently has over 60 missions on manifest representing over $7 billion under contract.

SpaceX Demonstrates Astronaut Escape System for Crew Dragon Spacecraft

SpaceX demonstrated astronaut escape system for crew dragon spacecraft. A loud whoosh, faint smoke trail and billowing parachutes marked a demonstration by SpaceX of its Crew Dragon spacecraft abort system an important step in NASA's endeavor to rebuild America's ability to launch crews to the International Space Station from U.S. soil. The successful test of the spacecraft's launch escape capabilities proved the spacecraft's ability to carry astronauts to safety in the unlikely event of a life-threatening situation on the launch pad. The engines fired for about six seconds, instantly producing about 15,000 pounds of thrust each and lifting the spacecraft out over the Atlantic Ocean before jettisoning its trunk, as planned, and parachuting safely into the ocean. The test lasted about two minutes from engine ignition to splashdown. The flight test is a vital milestone in the company's development effort and furthers its plan to meet a major requirement for the next generation of piloted spacecraft - an escape system that can quickly and safely take crew members away from their rocket while on the pad and through their ascent to orbit. SpaceX can use the test data to help refine its aerodynamic and performance models, and its design, to help ensure crew safety throughout all phases of flight. The test was the first with a full-size developmental spacecraft using a complete set of eight SuperDraco engines in the demanding real-world conditions of a pad abort situation. SpaceX built the SuperDracos for pad and launch abort use. Each engine, the chambers of which are 3-D printed, burns hypergolic propellants monomethylhydrazine and nitrogen tetroxide.

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