August 20, 2014 12:01 PM ET

Aerospace and Defense

Company Overview of Space Exploration Technologies Corp.

Company Overview

Space Exploration Technologies Corp. operates as a space transportation company that designs, manufactures, and launches rockets and spacecraft. Its launch facilities provide access to a range of low and medium inclination orbits frequently used by communications and earth-observing satellites and by supply missions to the International Space Station; and to high inclination and polar orbits frequently used by satellite communication constellations, defense intelligence and earth-observing satellites, and lunar missions. The company was founded in 2002 and is based in Hawthorne, California with additional offices in Houston, Texas; Chantilly, Virginia; and Washington, District of Columbia. I...

1 Rocket Road

Hawthorne, CA 90250

United States

Founded in 2002

Phone:

310-363-6000

Fax:

310-414-6552

Key Executives for Space Exploration Technologies Corp.

Founder
Age: 42
President and Chief Operating Officer
Chief Financial Officer
Age: 45
Senior Vice President and General Counsel
Senior Vice President of Government Affairs
Compensation as of Fiscal Year 2014.

Space Exploration Technologies Corp. Key Developments

Employees at Spacex Sues for Laying Off Hundreds of Workers Without Proper Notice

Employees at SpaceX have filed a lawsuit claiming the company laid off 200 to 400 factory workers last month without proper notice under state law. The California Labor Code defines a mass layoff as one that occurs within a 30-day period and affects 50 or more employees. SpaceX did not respond to requests for comment on the lawsuit, which was filed on August 4, 2014 in Los Angeles Superior Court. The terminations occurred 'on or about' July 21, according to the lawsuit, although SpaceX has declined to confirm an exact number of positions.

SpaceX Launches AsiaSat8 into Orbit Via Falcon 9 Rocket

SpaceX took a break from launching resupply missions to the International Space Station in order to put a new commercial satellite into orbit. SpaceX's Falcon 9 rocket was launched from Cape Canaveral Air Force Station, blasting off early Tuesday morning. The rocket carried with it AsiaSat8, a new commercial satellite expected to dramatically boost video and broadband services in Asia and the South Pacific. Thirty-two minutes into the flight, the Falcon 9 rocket relinquished its satellite companion, and now it's floating 22,300 miles above the equator. It's the first of two AsiaSat satellites SpaceX will launch this month, taking the growing communication company's fleet from four to six. The second will be launched later in August.

Space Exploration Technologies to Build Launch Site at Boca Chica Beach

Space Exploration Technologies announced the strategic decision to build a site in the outskirts of Brownsville, Texas, where the company plans to launch its signature Falcon 9 rocket. SpaceX already has launch sites at Vandenburg, California and Cape Canaveral, Florida. The much anticipated decision finally came, after more than 3 years of analyzing sites in Georgia, California, Virginia, Alaska, Puerto Rico and Florida. Within Texas, SpaceX was originally considering about a dozen locations from Cameron County to about 90 miles north, in the King Ranch area, but ultimately, Brownsville became the lone Texas finalist. Earlier this month, the project was given the green light by the Federal Aviation Administration, as part of the federal environmental process.

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