What does SPACEX mean in Technology?

SpaceX

Space Exploration Technologies Corp., doing business as SpaceX, is a private American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by entrepreneur Elon Musk with the goal of reducing space transportation costs and enabling the colonization of Mars. SpaceX has since developed the Falcon launch vehicle family and the Dragon spacecraft family, which both currently deliver payloads into Earth orbit. SpaceX's achievements include the first privately funded liquid-propellant rocket to reach orbit (Falcon 1 in 2008), the first private company to successfully launch, orbit, and recover a spacecraft (Dragon in 2010), the first private company to send a spacecraft to the International Space Station (Dragon in 2012), the first propulsive landing for an orbital rocket (Falcon 9 in 2015), the first reuse of an orbital rocket (Falcon 9 in 2017), and the first private company to launch an object into orbit around the sun (Falcon Heavy's payload of a Tesla Roadster in 2018). SpaceX has flown 14 resupply missions to the International Space Station (ISS) under a partnership with NASA. NASA also awarded SpaceX a further development contract in 2011 to develop and demonstrate a human-rated Dragon, which would be used to transport astronauts to the ISS and return them safely to Earth.SpaceX announced in 2011 that it was beginning a reusable launch system technology development program. In December 2015, the first Falcon 9 was flown back to a landing pad near the launch site, where it successfully accomplished a propulsive vertical landing. This was the first such achievement by a rocket for orbital spaceflight. In April 2016, with the launch of CRS-8, SpaceX successfully vertically landed a first stage on an ocean drone ship landing platform. In May 2016, in another first, SpaceX again landed a first stage, but during a significantly more energetic geostationary transfer orbit mission. In March 2017, SpaceX became the first to successfully re-launch and land the first stage of an orbital rocket.SpaceX plans to launch its Dragon 2 spacecraft in January 2019 and to launch its first crewed spacecraft Dragon 2 in June 2019.In September 2016, CEO Elon Musk unveiled the mission architecture of the Interplanetary Transport System program, an ambitious privately funded initiative to develop spaceflight technology for use in crewed interplanetary spaceflight. In 2017, Musk unveiled an updated configuration of the system, now named the BFR, which will be the largest rocket in history and will be fully reusable when it debuts in the early 2020s. BFR is the acronym for Big Falcon Rocket. SpaceX revealed on Twitter that the world’s first private passenger, who was later revealed to be Yusaku Maezawa, has been signed to fly across the moon in the BFR rocket.

see more »