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SpaceX

Space Exploration Technologies (SpaceX) designs, manufactures and launches the world's most advanced rockets and spacecraft. Based in California, it was founded in 2002 by former PayPal entrepreneur Elon Musk with the aim of revolutionising space transportation. Its prototype rocket, Falcon 1, and the more powerful Falcon 9, were designed to be reusable, eventually taking humans into space and back again. SpaceX is a private company owned by management and employees, with minority investments from Founders Fund, Draper Fisher Jurvetson, and Valor Equity Partners.

A SpaceX Falcon 9 rocket lights up the night sky as it streaks over the Cocoa Beach Pier during lift-off last August, from Space Launch Complex 40 at the Cape Canaveral Air Force Station in Florida. Photo: Craig Rubadoux/Florida Today via AP

NASA bets big on private sector to put humans on Mars

NASA will continue tapping the private sector to fund space exploration efforts under President Trump, marking a continuation in policy that first began under former president Barack Obama .

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