The company has come a long way since its humble beginnings. In 2015, Elon Musk was almost reduced to tears after an interviewer mentioned Neil Armstrong’s disapproval of SpaceX — few people could have predicted that the company would eventually be taken seriously by the likes of NASA.
If you’ve found yourself drawn in by the lofty goals and cult appeal of SpaceX, you’re not the only one. But there’s also a lot of misunderstanding surrounding the company, its services, and how to invest in it.
Let’s start from the very beginning. Elon Musk founded Space Exploration Technologies (yes, that’s its full name) back in 2002, and he’s been the chief executive officer ever since.
Naturally, SpaceX has a long way to go before it accomplishes its ultimate goal. In the meantime, the company designs and manufactures aerospace equipment, space exploration technologies, and rockets — and sends them into space (sometimes with a little help from its friends, as seen in #2).
Considering the dismissive attitudes of major figures in the space industry like Neil Armstrong, you might assume SpaceX is a certified outsider with no hope of catching up to bigger names (aka NASA). Not quite....