Love the word ‘space’? Passionate about astronauts? Like newly designed products? Want to gain knowledge about the launching of rockets? Then you have a chance to know all about it by learning about the spacetech industry. SpaceX is right in the center of events that occurs in the spacetech ecosystem.
Technology is evolving, which is bringing in all the change and the space that was unknown to all of us, is now brought closer to us by many organizations that are researching and making steps to make space exploration possible and hassle-free. SpaceX is one of such companies that is bringing in the change or the revolution, as we might fittingly call it.
SpaceX is a private aerospace company. It was launched in the year 2002. It is a very successful startup. It has been in the list of multibillion-dollar startups right from the first and with a valuation of $100 bn, which it touched in October 2021, the Elon Musk-led company is now the second-most valuable private company.
But SpaceX is not the only company working in this space. Here’re some of the competitors of SpaceX
Blue Origin is a private spaceflight company based in Kent, Washington that is working to send tourists to space on its reusable suborbital rocket called New Shepard. The company was created in 2000 by Jeff Bezos, the founder and CEO of Amazon.com.
In 2015, Blue Origin made history by successfully launching and landing a reusable rocket for the first time. The company is currently developing a lunar lander called Blue Moon that will make robotic cargo deliveries to the lunar surface, and it is partnering with SpaceX and Dynetics to develop a human-rated moon lander that will carry astronauts to the lunar surface in 2024 under NASA’s Artemis Program.
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The United Launch Alliance (ULA) is a joint venture between private space companies Lockheed Martin and Boeing that provides launch vehicles to NASA, the Department of Defense and other organizations. Headquartered in Denver, Colorado, ULA’s rockets are among the largest and most powerful in the industry.
ULA was formed in 2006, and has since successfully delivered more than 100 satellites to orbit using the Atlas and Delta families of rockets, according to Boeing. The satellites help perform weather monitoring, Global Positioning System (GPS) navigation and aid in scientific research.
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BAE Systems Plc (BAE) is a defense contractor and systems integrator. The company provides defense, aerospace, and security solutions related to air, land and maritime. BAE’s product offerings include advanced electronics, cybersecurity and intelligence, information technology solutions, and support services.
The company designs, manufactures, and supplies military aircraft, space systems, surface ships, submarines, avionics, radars, command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems, electronic systems, torpedoes, and guided weapon system. It serves government and commercial customers. The company’s business operations span across Europe, the Middle East, North America, Asia-Pacific, Africa, and Central and South America. BAE is headquartered in London, the UK.
Triumph Group, Inc. is a supplier of aerospace services, structures, systems and support. Based in Berwyn, Pennsylvania, United States, Triumph engineers, designs, and manufactures aircraft components, systems and accessories. Several services and products are offered through three of their operating organizations, Integrated Systems, Aerospace Structures, and Product Support.
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