BUSINESS
January 24, 2011 | By W.J. Hennigan, Los Angeles Times
After becoming the first private company ever to blast a spacecraft into Earth orbit and have it return intact last month, Hawthorne rocket maker Space Exploration Technologies Corp. is pushing toward its next big step. The company known as SpaceX wants to be the first commercial firm to launch astronauts into outer space and has submitted a proposal to NASA. SpaceX wants in on the potentially multibillion-dollar job of ferrying astronauts to and from the International Space Station after the space shuttle is retired this year.
BUSINESS
April 22, 2003 | Josh Friedman, Times Staff Writer
In his native South Africa, science whiz Elon Musk struck his first business deal when he made $500 selling the code for a "Space Invaders"-style video game he invented. He was 12. It took only another decade or so for him to make some real money: By age 23 Musk had his first significant company in Web software maker Zip2. He banked $22 million when he sold it in 1999 to Compaq Computer. And last year, he pocketed about $150 million in EBay Inc.
BUSINESS
April 27, 2007 | From Reuters
Space Exploration Technologies Corp., a start-up seeking to slash the cost of coursing through the cosmos, has been granted a five-year license to launch rockets from Cape Canaveral Air Force Station in Florida, the Air Force said. The approval could help El Segundo-based SpaceX, as the privately held company is known, compete with Orbital Sciences Corp., which develops small space systems, and later with the bigger rockets of Europe's Arianspace and the United Launch Alliance.
BUSINESS
May 16, 2013 | By W.J. Hennigan
A white-and-black space plane, very much resembling the now-retired space shuttle, was trucked to a NASA flight center in the Mojave Desert to begin a round of testing to see if it has the right stuff to carry astronauts one day. Tucked under a white tarp, the space plane called Dream Chaser arrived Wednesday at Dryden Flight Research Center inside Edwards Air Force Base. Tests at Dryden will include tow, captive-carry and free-flight of the Dream Chaser. PHOTOS: A 'new era': Private-sector space mission The tests come as part of a contract with NASA's Commercial Crew Program, which is aimed at helping private companies develop spacecraft and rockets capable of launching astronauts from American soil, now that the space shuttle fleet is retired.
BUSINESS
May 10, 2012 | By W.J. Hennigan
How about a few nights in a space hotel? That one day may be possible under a new agreement between Hawthorne-based rocket venture Space Exploration Technologies Corp., better known as SpaceX, and Bigelow Aerospace of Las Vegas. The two companies announced Thursday they plan to offer rides to orbiting Bigelow habitats, using SpaceX's Falcon rocket and Dragon spacecraft, which is designed to carry up to seven people. Bigelow, founded by Budget Suites of America owner Robert T. Bigelow, is building mini space stations that expand in orbit so paying customers have access to space.
BUSINESS
July 18, 2012 | By W.J. Hennigan
SpaceX , the Hawthorne firm that became the first private company to visit the International Space Station, in May, produced a video to highlight the historic mission. The video, below, is chock-full of dramatic rock music, images and sounds from the mission, including: May 22: SpaceX's Falcon 9 rocket launched the Dragon spacecraft into orbit from Cape Canaveral, Fla. May 23: Dragon orbited Earth as it traveled toward the space station. May 24: Dragon's onboard sensors and flight systems were subjected to a series of tests.