Business Model of SpaceX.


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Uploaded on Nov 17, 2020

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Business Model of SpaceX.

BUSINESS MODEL OF SPACEX INTRODUCTION  Space Exploration Technologies Corp. also is known as Space X, one of the most significant and celebrated companies of the US involved in aerospace manufacturing and space transportation services. Source:www.marketing91.com COMPANY PROFILE  Space Exploration Technologies Corp. is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California.  It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars. Source: Wikipedia UNIQUE FEATURE OF SPACEX  The unique feature of SpaceX which makes it so accessible is the need to surpass all the challenges that humankind has to go through for space transportation, by reducing the expenditure and commercializing the entire process. Source: Source:www.marketing91.com SIGNIFICANT EVENTS  In 2001, the idea of “Mars Venture” was formed by Elon Musk in which a nursery smaller than usual would be sent to Mars.  In 2002, Elon Musk planned an excursion to Moscow to purchase Inter-continental Ballistic Rockets.  Having commercialized the accessibility of this rocket, SpaceX sent its first payload, a Malaysian satellite RazakSAT to space in 2009. Source: Source:www.CNBC.com Hardware Projects associated with the Business Model of SpaceX Launch Vehicles  Launch Vehicles  Falcon1 – it is a small Rocket that is used for placing hundreds of kilograms in the low earth orbit  Falcon9- It is an EELV-class medium-lift vehicle that could place up to 22,800 kilograms (50,265 lb) to orbit Source: Source:www.forbes.com Rocket Engines  Rocket Engines  Merlin- It is the rocket engine developed for Falcon Rocket Family  Kestrel- it is a LOX/RP-1 pressure-fed rocket engine and it was the second stage main engine of Falcon 1 Rocket  Draco- It is the hypergolic liquid-propellant rocket engine for which monomethyl hydrazine fuel and nitrogen tetroxide oxidizer are used Source: Source:www.marketing91.com Factors affecting Business model of SpaceX  SpaceX consists of an active business improvement group which is generally the source for all the clients. Besides, it also extensively uses its website and social networking sites.  SpaceX considers client relationships to be of paramount importance and is committed to maintaining close relationships with each of its clients. Source: Source:www.marketing91.com Business model of SpaceX  The Business model of SpaceX is predominantly formed by offering rockets and satellites as well as the stock that it builds up.  The Falcon 9 costs about $62 million whereas Falcon heavy costs about $90 million. Source: Source:www.marketing91.com Investors in SpaceX  The accomplices or investors in SpaceX make up a big part of the Business model of SpaceX.  The company contains approximately 3000 notable accomplices, 1100 of which are making week after week conveyances. Source: Source:www.marketing91.com Valuation of the Business model of SpaceX  Price-to-earnings ratio  The cost of the first stage of the Falcon 9 rocket ranges between $30 million to $35 million, which constitutes about 70% of the total cost involved in the construction of the missile.  Price-to-sales ratio  The organization charges a fixed or a standard rate of $62 million for every launch of a satellite into space. For more complex governmental space missions like launching GPS for the Air Force, it charges approximately $20 million more. Source: futureworktechnologies.com