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SpaceX was founded in 2002 by Elon Musk and is headquartered in Hawthorne, California, with major operations centered at Starbase, Texas. The company’s founding mission—to reduce the cost of space transportation and enable the colonization of Mars, has evolved into a leading aerospace and telecommunications enterprise spanning reusable launch vehicles, satellite internet via Starlink, government and commercial launch services, and next-generation deep-space systems under development.
SpaceX pioneered orbital-class rocket reusability with Falcon 9, which now dominates the global commercial launch market with approximately 75% market share. Falcon Heavy serves high-energy orbit and national security missions. The company's Starship program — the largest and most powerful rocket ever built — completed 11 flight tests through 2025, with a new Version 3 design expected to debut in 2026 targeting orbital capability and in-space propellant transfer demonstrations critical to NASA's Artemis Human Landing System.
Starlink, SpaceX's satellite broadband constellation, has become the company's dominant revenue engine and the primary catalyst behind a potential $2 trillion+ IPO. The service operates nearly 9,500 active satellites in low Earth orbit and has surpassed 10 million subscribers globally, making it the fastest-growing telecom network in history.
The February 2026 SpaceX acquisition fundamentally changed xAI's investment profile. xAI shares are no longer available as a standalone investment. Instead, exposure to Grok, xAI's compute infrastructure, and the X platform will come through SpaceX's anticipated June 2026 Nasdaq IPO, which targets a valuation above $2 trillion. The combined SpaceX-xAI entity reached approximately $1.25 trillion in estimated value at the time of the merger.
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