SpaceX continues to show growth

July, 2022

Vine Strategy


SpaceX continues to show growth

SpaceX shows great company progress with recently launching 46 satellites and landing the returning rocket on a ship at sea.

A two-stage Falcon 9 rocket loaded with 46 of SpaceX's Starlink internet satellites lifted off from California in recent news and 8 minutes after lift-off, the Falcon 9's first stage came back to Earth and landed on the SpaceX drone-ship. It was the sixth launch and landing for this Falcon 9 first stage. Once reaching its desired altitude Falcon 9's upper stage deployed the 46 Starlink satellites into low Earth orbit 63 minutes after lift-off.

The launch was the 29th orbital mission of the year for SpaceX and the 17th dedicated to Starlink, the company's huge internet-satellite constellation. SpaceX has launched more than 2,750 Starlink satellites to date, and the number will continue to grow for the foreseeable future.

Some SpaceX facts

  • SpaceX was founded by Elon Musk.
  • Musk spent $100 million, to get SpaceX going.
  • SpaceX first craft in 2006 was called Dragon.
  • SpaceX then received $278 million from NASA.
  • The workhorse rocket of the SpaceX fleet is the Falcon 9.
  • First ever Falcon 9 booster landing took place in 2015.
  • Starship and Super Heavy are the most important pieces for SpaceX.

Starlink and SpaceX have been a hot topic for investors over the past few years and they are showing why, by providing a none stop time-line of successes and improvements. SpaceX are always pushing the boundaries of what is possible and are a great company to keep an eye on.

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