Business / Companies

Private rocket company looks to the stars

By SU ZHOU and LUO WANGSHU (China Daily) Updated: 2014-07-29 03:51

Rocketing to success

Space Exploration Technologies Corp, known informally as SpaceX, does work normally associated with NASA by merging hard engineering with Silicon Valley creativity.

Elon Musk, the man behind SpaceX, is a business magnate who co-founded PayPal and Tesla Motors. However, his vision went beyond the pull of gravity.

The company was founded in 2002 and, looking to slash the cost of space travel, it focused on reusing launch rockets and technology.

It is the first private company to send a spacecraft to the International Space Station and claims that it can send a spacecraft into space cheaper than anyone else.

Although in competition with NASA, it also works with it on select projects.

NASA is looking at missions into deeper space, and SpaceX could find a greater role to play in near space.

 Private rocket company looks to the stars Private rocket company looks to the stars 

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