Designer of rockets and spacecraft intended to realize the goal of making life multi-planetary. The company designs and manufactures reusable space launch vehicles for the transport of cargo, humans and payloads into space with features including an attached trunk, a parachute system, multiple engines and oxygen-based propellants, enabling clients to experience and benefit from affordable spaceflights. SpaceX currently dominates the commercial launch market.
Through the program Starlink, the company is also developing significant businesses in telecommunications. Starlink aims at providing high-speed, low-latency broadband internet across the globe using advanced satellites in a low orbit. Starlink enables video calls, online gaming, streaming, and other high data rate activities that historically have not been possible with satellite internet. Users can expect to see download speeds between 100 Mb/s and 200 Mb/s and latency as low as 20ms in most locations.