Elon Musk's $100M investment in SpaceX was lost to three failed rocket launches

Overcoming industry skeptics, SpaceX provides low-cost, high-publicity spaceflights

From recovering and reusing rocket components to launching a mannequin and Tesla into orbit to the tune of David Bowie's "Starman," Elon Musk drove public interest and government contracts to his company as he transformed space launches into spectacles.

SpaceX was built to achieve Elon Musk's vision of making humans an interplanetary species.

See how SpaceX has impacted costs throughout spaceflight history.

Elon Musk founded SpaceX after being unable to purchase affordable rockets abroad

Elon Musk's will to launch: the early days of SpaceX

Radically reducing the cost of rockets and innovating totally new space vehicles originated in the singular force of Elon Musk's vision. In this podcast, Founders creator David Senra shares what he learned reading a book about SpaceX's beginnings, highlighting Musk's audacious refusal to follow industry conventions and promotion of a culture of action and speed. Learn more insights from the founder here.

A primer on SpaceX's primary rockets and spacecraft

SpaceX has developed several lines of rockets, from its workhorse Falcon 9 to the visionary Super Heavy rocket of the company's Starship designed for massive payloads. Each iteration costs millions of dollars and came with scientific and economic challenges and several are no longer in development. Learn more about the company's roster of rockets and craft here.

SpaceX's S-1 or 'prospectus' revealed many previously unknown details about the company

Those revelations include the company's unprofitability despite doing $18.7B in revenue in 2025, exactly how many voting shares Elon Musk will have in the company (roughly 85%), and more.

How SpaceX Made Space Affordable

SpaceX has cut launch costs by over 95%—from $54,000 per kilogram to around $2,000—reshaping how we access space.

A quick guide to everything SpaceX

SpaceX has single-handedly reignited commercial space exploration, with its reusable rockets, broadband satellite constellation, and plans to populate Mars. The company has gone from a mere idea in 2002 to the world's most well-known private space company. Learn the basics about this pivotal company with this quick guide from CNET.

See how SpaceX compares to history's other largest IPOs.

Millions of Americans will be invested in SpaceX because of the fast-tracked process to list SpaceX on the Nasdaq 100, and, subsequently, the index funds that track it.

NASA and SpaceX combine public support and funding with private enterprise

Rather than competitors, SpaceX and NASA are mutually beneficial collaborators. Without NASA contracts, SpaceX may have run out of funding, and without the low-cost tech of SpaceX, NASA may have been left without a US-based launch system.

The reusability of Falcon 9's first stage rocket has slashed launch costs

Unlike older rockets left to sink in the ocean, the first stage was designed to steer itself back for a controlled landing on a sea-based barge. Refurbishment of these components are half the cost of building new.

View the docket of future SpaceX launches

SpaceX has established an efficient schedule for launches of ISS crew shuttles and Starlink satellites, with blastoffs occurring just under once every four days in 2023—a pace that has since accelerated as the company has won more contracts.

Watch a supercut of the various iterations of SpaceX's Starship rocket

The first version, called Starhopper, was named with the vision of developing rocket stages that could safely land after use, enabling reusability to cut costs. The endeavor was an enormous engineering challenge that required years of testing.

SpaceShipOne was the first privately built spacecraft to reach the boundary of space

The rocket-powered aircraft was built by Richard Branson's company Virgin Galactic. The English business magnate has described being inspired to go to space since he was a child watching NASA's moon landings.

Only 34% of Americans supported the Apollo program in 1967

After a fire killed three astronauts on the launchpad of Apollo 1, the public became ambivalent about funding the multibillion-dollar program until the successful moon landing in 1969. The landers alone cost $388M, while each spacesuit cost $100,000.

The 3D-printed rocket maker competing with SpaceX

Producing rockets cheaply and at scale may require atypical manufacturing processes like those developed by Relativity Space, a 3D-printer of rockets. Relativity hopes to not just compete with, but beat, SpaceX in the race to get the first...

NASA's ESCAPADE mission will study Mars' atmosphere

The $80M mission—a collaboration between private companies, universities, and NASA—sent two copy machine-sized orbiters on a Blue Origin rocket to the red planet to study its magnetic field and atmospheric loss.

Falcon 9's first stage is able to land within a 30-foot diameter target consistently

SpaceX's Falcon 9 rocket releases its reusable first stage hundreds of miles above the Earth's surface as it travels thousands of mile per hour. The stage often then lands on an autonomous ocean drone in the middle of the sea.

Read a timeline of all of Elon Musk's business ventures, from the software company Zip2 in the 1990s to Musk's Twitter acquisition.

Elon Musk joined Tesla in 2004, investing $30M and becoming chair

The company went public in 2010, raising $226 million in its IPO just two years after beginning production on its first car. Tesla's first Supercharger stations were launched in 2012 with six locations in California.

Metal wreckage found in a Canadian farm turned out to be SpaceX spacecraft debris

The pieces of the wreck included a 36-kilogram aluminum spear more than 2 meters long, and its origins were confirmed by satellite tracker Jonathan McDowell. No government acknowledged or took accountability for the space trash, which SpaceX later quietly retrieved.

SpaceX successfully caught a rocket booster in mid-air

As part of the fifth test flight of its Starship system, the Super Heavy booster used high-speed navigation systems, grid fins, and Raptor engines to steer itself onto the mechanical arms of a tower called Mechazilla.

Elon Musk claims cutting costs fast was the only way to stop X from dying

Laying off 80% of X's workforce, says Musk, was required to avoid a financial collapse within months of him purchasing the platform. In 2023, he claimed X would be cash-flow positive within the year as advertisers returned to the platform.

A SpaceX spacecraft's battery debris survived reentry and crashed into a Florida home

Although NASA expected the debris to disintegrate after it was jettisoned from the International Space Station in 2024, the flight support component survived reentry. No injuries were reported from the incident.

Blue Origin, Jeff Bezos’ aerospace company, sent its first passengers to space in 2021

Founded in 2000, Bezos spent many years working on the company as a side project before it became more well-known around 2004, when a plot of land in Texas was purchased as a launch site for the company’s rockets. He has said that the goal of Blue Origin is to build “reusable space vehicles.” This resource details what passengers experience from takeoff to landing on a Blue Origin flight.

How reusable rocket boosters work

Reusable rockets drastically reduce the costs of space travel, saving agencies and companies millions of dollars by preserving expensive, complex boosters and their engines. The advancement required engineers to develop systems that restarted a booster in mid-flight to slow it down before landing.

SpaceX has launched thousands of its Starlink satellites into low-Earth orbit

Every launched batch of satellites contains roughly 60 of the desk-sized gadgets. The batch is released at random into an initial orbit, and it takes time for them to naturally spread out enough before operators begin unfolding their antennae.

The Columbia disaster contributed to the end of the Space Shuttle program and NASA's reliance on commercial partners such as SpaceX and Boeing to transport astronauts and cargo.

US IPO issuance—the total dollar amount of new stock sold to the public via IPOs—hit a record high in 2026.

As of 2022, Blue Origin, Virgin Galactic, and SpaceX are the primary space tourism companies

Blue Origin offers 11-minute suborbital flights for $28M, while Virgin Galactic provides a 90-minute suborbital flight for $450,000. SpaceX offers orbital flights for $55M, including trips to the International Space Station, and plans to offer civilians trips to the moon by 2030.

NASA's big dream that never came to life

Conceived in the early 1960s, the Sea Dragon was an audacious ocean-launched rocket design that would have dwarfed the Saturn V in both scale and payload—but its extreme engineering challenges kept it firmly on the drawing board.

Elon Musk's first company was an online business directory called 'Zip2'

Musk started the online alternative to Yellow Pages in 1995 with his younger brother. Musk sold the company for $305M in 1999.

Explore a timeline of advancements in American aviation

From the Wright brothers' flight of the first powered plane in 1903 near Kitty Hawk, North Carolina, to SpaceX's debut of the Falcon 9 rocket in 2010 with reusable boosters, this interactive shows off the technological evolution of flight, from mechanical propulsion to ballistic spaceflight. (Some users may experience a paywall.)

In 2021 US dollars, space shuttles cost $65,400 per kilogram, making them the most expensive spacecraft for payloads greater than 20,000 kilograms.

Elon Musk once tried to make himself CEO of artificial intelligence behemoth and ChatGPT creator OpenAI.

A lunar 'satellite catapult' revives a 50-year-old idea for launching rockets

Elon Musk has proposed building a mass driver on the moon to fling satellites into space, exploiting low gravity to cut fuel and costs. The concept dates to 1970s space-settlement studies, highlighting how older industry ideas are resurfacing amid today's AI and space-infrastructure race.

Explore what Challenger was supposed to do on its mission

STS-51L's planned seven-day mission included deploying satellites, studying Comet Halley, conducting fluid dynamics experiments, and broadcasting live lessons from orbit—routine scientific and educational tasks that were never carried out after the shuttle was lost shortly after launch.

The Challenger disaster grounded the space shuttle fleet for nearly three years, exposed deep flaws in NASA's leadership, and prompted significant changes to the agency's safety oversight and decision-making culture.

According to some estimates, roughly 75% of venture-backed startups fail, making startups inherently risky ventures.

The Polaris Dawn was a privately crewed spaceflight

SpaceX's Crew Dragon capsule Resilience spent five days in low Earth orbit as part of the first of three planned missions under the name Polaris Dawn. The historic journey took participants farther away from our planet than anyone has been since the Apollo missions.

The evolution of X, from startup to Musk-owned giant, reflects rapid tech shifts

Twitter began in 2006 as a side project and grew into a major global platform, widely used for news, activism, and political discourse. Despite mainstream success, it faced ongoing management turmoil, business struggles, and rising concerns over misinformation and user safety.

Space archaeology studies space trash in the context of heritage and social meaning

Some orbiting objects, such as Elon Musk's Tesla, have symbolic or historical importance, despite being functionally worthless. The oldest human-made object in Earth's orbit is Vanguard 1, a grapefruit-sized satellite launched in 1958. The strangest may be an experimental, inflatable space station containing live cockroaches.

IPOs that failed

Plenty of private companies fail once they try to go public. Failing can mean shares sell for less than their initial asking price on its IPO date, or it can look like a company pulling out of the IPO process at the last minute. Some companies with failed IPOs include Pets.com, Etsy, and Robinhood. Learn more about these companies and others here.

Billionaires are racing to space to control future markets

Although different companies have described focuses ranging from luxury tourism to Martian space colonies, all are building infrastructure to capitalize on the shift away from government-only control and betting big on reusability and scale. By securing public contracts and subsidies, they aim to develop strategic partnerships toward dominance in low Earth orbit.

How to visualize the enormous wealth of Elon Musk

The disruptive innovator and founder of SpaceX and Tesla is worth hundreds of billions of dollars, an unimaginable sum. This simple interactive visual uses pixels (representing $1K each) on a scrolling screen to demonstrate the billionaire's wealth compared to other known financial values, like the cost of building a Boeing 777 or the net worth of Tiger Woods.

Theranos and Pets.com are among some of the biggest startup failures ever

You might have heard of Theranos, Elizabeth Holmes’s one-time blood testing company that landed the founder in prison for more than a decade after she was charged with fraud. The rest of the startups on a list of five of the biggest startup failures ever might not be as famous as Theranos, but they were met with similarly disastrous fates.

In 2001, a $20M ticket officially kicked off space tourism

On that day, American businessman Dennis Tito became the first paying passenger to visit space, spending a week aboard the International Space Station. Since then, space participants have been members of suborbital flights, which do not require intensive training to prepare for.

Major milestones of the Space Shuttle program's 135 missions included the launches of the Hubble Space Telescope and the Chandra X-ray Observatory, and the first American woman and African-American astronauts in space.