Timeline milestone
SpaceX is founded around lower-cost access to orbit
From SpaceX and the New Commercial Space Race: From Falcon 1 to Starship
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Company
SpaceX is founded around lower-cost access to orbit
Elon Musk founded Space Exploration Technologies with the long-term goal of reducing launch costs and enabling missions to Mars.
The company entered a sector dominated by governments and established aerospace contractors. Its strategy combined vertical integration, iterative testing and development of its own engines and launch vehicles. Founding ambitions were broad; operational credibility still had to be earned through flight.Sources & references 1 source
