October 21, 2016 11:20 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.

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

SES and SpaceX Reach an Agreement to Launch SES-10 on Flight-Proven Falcon 9 Orbital Rocket Booster

SES and SpaceX announced they have reached an agreement to launch SES-10 on a flight-proven Falcon 9 orbital rocket booster. The satellite, which will be in a geostationary orbit and expand SESs capabilities across Latin America, is scheduled for launch in Fourth Quarter 2016. SES-10 will be the first-ever satellite to launch on a SpaceX flight-proven rocket booster. SES-10 will be positioned at 67 degrees West, pursuant to an agreement with the Andean Community (Bolivia, Colombia, Ecuador and Peru), and will be used for the Simn Bolivar 2 satellite network. With a Ku-band payload of 55 36MHz transponder equivalents, of which 27 are incremental, the multi-mission spacecraft is the first SES satellite wholly dedicated to Latin America. It will replace the capacity currently provided by SESs AMC-3 and AMC-4 satellites at that location, as well as bring additional capacity to Mexico, Central America, South America and the Caribbean. The high-powered, tailored and flexible beams will provide direct-to-home broadcasting, enterprise and mobility services.

NASA Orders Second SpaceX Crew Mission to International Space Station

NASA announced the order of a second post-certification mission from SpaceX in Hawthorne, California. Commercial crew flights from Florida's Space Coast to the International Space Station will restore America's human spaceflight launch capability and increase the time U.S. crews can dedicate to scientific research, which is helping prepare astronauts for deep space missions, including the Journey to Mars. This is the fourth and final guaranteed order NASA will make under the Commercial Crew Transportation Capability (CCtCap) contracts.

SpaceX Wins $82.7 Million Contract to Launch GPS Satellite for the U.S. Air Force

SpaceX has won an $82.7-million contract to launch a GPS satellite for the U.S. Air Force, marking the end to the monopoly in the national security launch market. The Hawthorne company is scheduled to launch the GPS III satellite aboard its Falcon 9 rocket in May 2018 from Cape Canaveral Air Force Station in Florida. The satellite is intended to provide increased anti-jamming capabilities and more precise navigation and timing for military and civilian uses, according to a statement by the Air Force. The company was certified in May to carry national security and military satellites, a launch market dominated since 2006 by United Launch Alliance, a joint venture of Boeing Co. and Lockheed Martin Corp.

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Recent Private Companies Transactions

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