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Company Report: SpaceX

  1. Report by Prateek Sachdeva
  2. PRODUCTS • LaunchVehicles (Falcon Series) • Dragon Spacecraft • Mars Colonial Transporter (MCT) • Satellites (2015)
  3. FINANCIAL HISTORY • Seed Round: $100M by March 1, 2006 (Elon Musk) • Series A - D: $145.4M between August, 2008 and December, 2012 (Investors include DFJ, Founders Fund) • Series E: $1 Billion on January 20, 2015 by Google, DFJ and others • Current valuation is around $10 Billion. IPO expected around 2020.
  4. THE STORY • Founded in June 2002 by Elon Musk • Goal is to reduce space travel costs enough to enable colonization of Mars • Primary method of achieving this is reusable rockets! • Current revenue comes from NASA and commercial projects
  5. WHAT’S HOT? • Reusable rockets • Reduces cost by 10-fold • Trials were successful; first live attempt was not
  6. SECRETTO SUCCESS • Elon Musk. • Speed: SpaceX has been first to market in many areas • Opportunist:Take advantage of an unsaturated market and do it early (2002 for SpaceX) • Also, Elon Musk.
  7. INTERNET IN SPACE • Unfettered and low-cost Internet access for the masses • Constellation of 700 light-weight satellites • Musk wants to do it now so that it’s ready in time for Mars • Google invested in a $1 billion round • SpaceX is also opening a Seattle office for this
  8. COMPETITION • Arianespace (French) • Boeing • Lockheed Martin • SpaceX vs. United Launch Alliance (not afraid to fight) • SpaceX has been responding well to competition due to lower costs and faster turn-around
  9. MY PREDICTION • SpaceX will persevere • They’re futurists and understand the need for cost reduction in order to make long-term space exploration a reality • We’ll be on Mars by 2025-2030 and SpaceX will play an important role in that
  10. THANKYOU Any questions?
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