February 19, 2017 10:15 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 with an additional office in Redmond.

1 Rocket Road

Hawthorne, CA 90250

United States

Founded in 2002





Key Executives for Space Exploration Technologies Corp.

Founder, Chief Executive Officer, Chief Technology Officer and Chief Rocket Designer
Age: 44
President and Chief Operating Officer
Chief Financial Officer and President of Strategic Acquisitions Group
Age: 47
Senior Vice President and General Counsel
Propulsion Chief Technology Officer
Compensation as of Fiscal Year 2016.

Space Exploration Technologies Corp. Key Developments

SpaceX Lands New Order from Iridium Communications Inc. to Launch Five Satellites

SpaceX has landed a new order from Iridium Communications Inc. to launch five satellites. The company already had a contract with Iridium for a total of seven launches on SpaceX's Falcon 9 rocket, one of which took place in January. This additional launch will be Iridium's eighth with SpaceX. The five satellites are scheduled to launch in early 2018 from Vandenberg Air Force Base in California. Those satellites will ride on the Falcon 9 alongside two satellites jointly operated by NASA and the GFZ German Research Center for Geosciences. Iridium said sharing the rocket with the scientific satellites was "a material savings from other supplemental launch options" and would allow the McLean, Va., company to complete its satellite constellation at a quicker pace. The constellation, known as Iridium Next, is set to provide mobile communications capabilities on land, ships and airplanes. SpaceX is now targeting no earlier than mid-February for its next launch. The company will carry supplies for NASA to the International Space Station and plans to launch for the first time from the historic Pad 39A at Kennedy Space Center, which was previously used for the Apollo and space shuttle programs. SpaceX is currently preparing the launch pad and will conduct additional ground systems tests before the launch because of new construction and renovations done to the pad.

SpaceX to Expand office in Redmond

SpaceX is expanding his company's office in Redmond amid rumors the company is also considering plans to build a new satellite manufacturing facility south of Seattle. Recent job postings hint plans may already be in the works to build the company's satellites here in Washington state. SpaceX has leased a 40,625-square-foot office and warehouse complex in the Redmond Ridge area from Portland-based developer Pacific Realty Associates (PacTrust) and is seeking a permit to complete interior renovations, according to documents filed with King County. The new facility on Northeast Alder Crest Drive is 10 minutes from SpaceX's Redmond office, which opened in 2015 following a visit by Musk, who spoke at a Seattle recruiting event. The Redmond office has worked on plans to build a 'constellation' of thousands of satellites that Musk wants to deploy in space to offer broadband internet service to people, companies, governments and institutions around the world. SpaceX would transport satellites into space using its own rockets, linking them to ground-based receivers. SpaceX will need a manufacturing plant for the satellites if the FCC approves the project. Rumors suggest that facility may wind up in Kent. Such a facility could create 1,000 new jobs. The project's next step is steeped in secrecy. Public officials declined to confirm or deny information about any manufacturing facility, citing nondisclosure agreements.

NASA Selects Space Exploration Technologies to Provide Launch Services for the Agency's Surface Water and Ocean Topography

NASA announced that it has selected Space Exploration Technologies (SpaceX) of Hawthorne, California, to provide launch services for the agency's surface water and ocean topography (SWOT) mission, the company said. The space administration said the launch is targeted for April 2021 on a SpaceX Falcon 9 rocket from Space Launch Complex 4E at Vandenberg Air Force Base in California. The total cost for NASA to launch SWOT is approximately USD 112 million, which includes the launch service; spacecraft processing; payload integration; and tracking, data and telemetry support. Designed to make the first-ever global survey of Earth's surface water, in addition to high-resolution ocean measurements, the SWOT mission will collect detailed measurements of how water bodies on Earth change over time. NASA's Launch Services Program at Kennedy Space Center in Florida will manage the SpaceX launch service. The SWOT project office at NASA's jet propulsion laboratory in Pasadena, California, manages spacecraft development for the agency's science mission directorate in Washington.

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