close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Elon Musk: a Founder of Spacex

downloadDownload printPrint

Pssst… we can write an original essay just for you.

Any subject. Any type of essay. We’ll even meet a 3-hour deadline.

Get your price

121 writers online

blank-ico
Download PDF

At the age of 10 Elon Musk developed interest in computers. Musk created a game called blaster at the age of 12 he sold its game to magazine for $500. He studied physics and economics at the University of Pennsylvania, USA. With $28,000 of his father money, Musk and his brother Kimbal started zip2, which is web startup that provides city travel guides to newspapers. Later in 1999, they sold zip2 to Compaq computers for $307 million, earning Musk $22 million. He invested more than half of his earning to co-found X.com, and online banking services. The company quickly merged with its rival and became PayPal, with musk at the majority shareholder.

In 2001, Musk conceptualized a project to land a miniature experimental greenhouse on Mars. In 2002, eBay bought PayPal and musk walked away with $180 million. Musk traveled to Russia to buy refurb intercontinental ballistic missiles, also known as ICBMs to send colony of mice to Mars. Russian offered to sale one rocket at $8 million USD, Musk felt it was artificially overpriced. They even taunted Elon Musk that “oh little boy don’t have the money?” Musk Replied “I think we can build a rocket ourselves” and then stormed out of the meeting.

On the flight back from Moscow, he realized that he could start a company. That could build the affordable rockets he needed. Musk calculated that the raw materials for building a rocket actually were only 3 percent of the sales prices of rocket at the time.

SpaceX could cut launch price by a factor of ten and still enjoy a 70 percent gross margin, with $100 USD, Musk founded SpaceX, in May 2002, with the intention of building spacecraft for commercial space travel. In 2006 the first SpaceX rocket failed in just 33 seconds after lift-off. In 2007 and in 2008 the 2nd and the 3rd chance to establish company’s credibility also ended in failure. The 3rd Failure almost killed the company. Musk had money that could only found the 4th launch. On 28th September 2008. The 4th falcon 1 Rocket was successfully launched and achieved earth orbit.

History was made, Falcon 1 become the first privately developed liquid fuel rocket to orbit the earth. On December 23, 2008 NASA awarded SpaceX $1.6B Dollar contract to handle cargo transport for the international space station, with plans for astronaut transport in the future. In a move to replace NASA’s own space shuttle missions. In 2011 SpaceX publicly announced reusable launch system development program. After few failure attempts.

SpaceX achieved a successful landing and recovery of a first stage in December 2015. In March 2017, SpaceX relaunched the used rocket and brought it back by landing it in the ocean. All rockets are designed to burn up reentry, it can also successfully land back on earth and refly again. Musk believes a fully and rapidly reusable rocket is needed to reduce the cost of space travel. And in time, Musk wants to build a city on the red planet.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

experts 450+ experts on 30 subjects ready to help you just now

delivery Starting from 3 hours delivery

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Elon Musk: a Founder of Spacex. (2019, February 27). GradesFixer. Retrieved October 17, 2021, from https://gradesfixer.com/free-essay-examples/the-story-of-elon-musk-founder-of-spacex/
“Elon Musk: a Founder of Spacex.” GradesFixer, 27 Feb. 2019, gradesfixer.com/free-essay-examples/the-story-of-elon-musk-founder-of-spacex/
Elon Musk: a Founder of Spacex. [online]. Available at: <https://gradesfixer.com/free-essay-examples/the-story-of-elon-musk-founder-of-spacex/> [Accessed 17 Oct. 2021].
Elon Musk: a Founder of Spacex [Internet]. GradesFixer. 2019 Feb 27 [cited 2021 Oct 17]. Available from: https://gradesfixer.com/free-essay-examples/the-story-of-elon-musk-founder-of-spacex/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! This essay is not unique. You can get a 100% Plagiarism-FREE one in 30 sec

    Receive a 100% plagiarism-free essay on your email just for $4.99
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer
    exit-popup-close

    Haven't found the right essay?

    Get an expert to write you the one you need!

    exit-popup-print

    Professional writers and researchers

    exit-popup-quotes

    Sources and citation are provided

    exit-popup-clock

    3 hour delivery

    exit-popup-persone