What is SpaceX's official name? Elon Musk just revealed space company's real name & goal

Every wondered why SpaceX is called so? It literally does not have a meaning. Here is Elon Musk, CEO of commercial spaceflight organisation, to clear cloud surrounding its name. Re to find out.

SpaceX is actually called Space Exploration Technologies Corporation. Yes, heard it right! SpaceX is acronym for its broer full name. Elon Musk took to microblogging site, Twitter to share this information about SpaceX official name. He informed that SpaceX is abbreviation of  "official name" Space Exploration Technologies Corporation. 

SpaceX and its goal

According to Britannica, SpaceX is an American commercial aerospace company founded in 2020. It maneuvres space aerospace transportation services and communications. company has its hequarters in Hawthorne, California. goal of SpaceX, as stated by Musk is "reducing space transportation cost to enable colonisation of Mars."

Evolution of SpaceX

company entered spacecraft-making business with Falcon 1 rocket, a two-stage-fuelled craft designed to send small satellites into orbit. As per reports, Falcon Rocket was much cheaper to build and operate in comparison to its competitors. company also developed Merlin engine, a compact, energy-efficient system that enabled an inexpensive budget for spacecraft. In coming times, company also looks forward to making reusable space launch vehicles for more sustainable space travel.

From Falcon 1 to Dragon capsule

In a milestone, SpaceX launched its first crewed flight in a Dragon Capsule on May 30, 2020. Astronauts Doug Hurley and Robert Behnken were first humans to travel to space in commercial spaceflight.

company began with Flacon 1, which me its first attempt to space in March 2006. However, it failed due to a fuel leak. Subsequently, it me two more attempts in vain, in March 2007 and August 2008. Neverless, in September 2008, it me its first successful attempt to send a liquid-fuelled rocket to orbit. Following this, commercial spaceflight company bagged a $1.5 billion contract from National Aeronautics and Space and Space ministration (NASA).

journey from Falcon 1 to Falcon 9 was a milestone for SpaceX. In December 2010, company became first commercial spaceflight company to launch Dragon capsule into orbit successfully and return it to Earth. Interestingly, Falcon 9 was designed so that it could be reused. When first rocket stage returned to Earth, it was reused during a re-launch in 2017. Meanwhile, company developed a Falcon Heavy Rocket, which took its first test flight to space in 2018. It placed into orbit around Sun a Tesla Roster with a mannequin in a spacesuit. company now aims to shoot settlers to Mars by 2023.

(With inputs from spacex.com and Twitter)

(Image input: AP (representative))