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April 26, 2015 12:08 AM 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: 42
President and Chief Operating Officer
Chief Financial Officer and President of Strategic Acquisitions Group
Age: 45
Senior Vice President and General Counsel
Propulsion Chief Technology Officer
Compensation as of Fiscal Year 2014.

Space Exploration Technologies Corp. Key Developments

SpaceX Launches a Falcon 9 Rocket Carrying the ABS 3Asatellite for Asia Broadcast Satellite

SpaceX launched a Falcon 9 rocket carrying the ABS 3Asatellite for Asia Broadcast Satellite (ABS) and the Eutelsat 115 West B satellite for Eutelsat. The two Boeing-built, all-electric spacecraft launched as a conjoined stack, mark the first part of a four satellite, two launch, multi-party agreement ABS and Eutelsat negotiated with Boeing and SpaceX.

SES Announces Two Launch Agreements with SpaceX

SES announced an agreement with SpaceX to launch two new satellites in 2017 – SES-14 and SES-16/GovSat – using the Falcon 9 rocket. SES had announced the order of the two new satellites last week. SES-14 is a hybrid satellite to be positioned at 47.5/48 degrees West with C- and Ku-band wide beam coverage, as well as Ku- and Ka-band High Throughput Satellite (HTS) coverage, across the Americas and the North Atlantic region. The satellite will fully rely on electric propulsion and will be equipped with an electric plasma propulsion system for orbit raising and in-orbit maneuvers. SES-14 will bring additional capacity to serve growing Direct-to-Home and Direct-to-Cable video neighbour hoods in the Americas and support existing VSAT services in both bands. The multi-spot Ku- and Ka-band beams will deliver additional, high throughput capacity and are ideal for traffic-intensive data applications such as mobile backhaul, maritime and aeronautical services. SES-16/GovSat has been ordered by LuxGovSat, a new company jointly incorporated by SES and the Luxembourg government, and will be positioned at 21.5 degrees East. It is a multi-mission satellite using dedicated military frequencies (X-band and military Ka-band) to provide high-powered and fully steerable spot beams for multiple government-specific missions. The satellite will cover Europe, the Middle East and Africa. The Luxembourg government has pre-committed to a significant amount of capacity on the new satellite in support of its NATO obligations; the remaining capacity will be commercialized with governmental and institutional customers. The next SES satellite to be launched is SES-9, due later this year on Falcon 9. The spacecraft will be positioned at the orbital slot of 108.2 degrees East, will provide incremental as well as replacement capacity and will be co-located with the existing SES-7 and NSS-11 satellites. The satellite will expand SES’s capabilities in the provision of DTH broadcasting and other communications services in Northeast Asia, South Asia and Indonesia, as well as maritime communications for vessels in the Indian Ocean.

Spacex Leases Historic Air Force Launch Pad to Land its Falcon Boosters

Space Exploration Technologies Corp. and the Air Force have reached an agreement to use an historic launch pad on Cape Canaveral as a landing site for its reusable Falcon rocket boosters. Under the five-year-leasing agreement, SpaceX will modify a pad that has been used at Cape Canaveral Air Force Station since the late 1950s. It initially tested Atlas ballistic missiles and later served launches of unmanned probes for NASA and classified Air Force missions. The pad was deactivated in 1978 after serving more than 50 launches. It was designated part of a National Historic Landmark. Terms of the agreement were not disclosed. The Air Force made the announcement. Before utilizing the new site, SpaceX must prove it can land its boosters on its floating platform in the Atlantic Ocean. Already 2015, the company has made several attempts to land its boosters after launching supply missions to the International Space Station. As space operations have shifted to industry, companies like SpaceX are researching ways to cut down expenses with reusable systems. SpaceX will make another attempt at landing its Falcon 9 rockets following a launch rescheduled.

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