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SpaceX's first rocket was named Falcon 1 by Musk, taking inspiration from the Millennium Falcon from Star Wars, and also because the rocket would have only one booster engine. [ citation needed ] [ further explanation needed ] Falcon 1 was designed with a core tenet of low launch cost; according to contemporary sources the rocket has an ...
Elon Reeve Musk (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (which he rebranded as X).Since 2025, he has been a senior advisor to United States president Donald Trump and de facto head of the Department of Government Efficiency (DOGE).
In March 1999, [15] Musk co-founded X.com, an online financial services and e-mail payment company with $12 million of the money he made from the Compaq acquisition. [16] X.com was one of the first online banks that was federally insured, and over 200,000 customers joined in its initial months of operation.
It is no secret that Musk has an affinity for Texas, but as a business decision, moving to the state has a myriad of personal and professional advantages. He seems to prefer the politics in the state.
Elon Musk gives a tour toPresident-elect Donald Trump and lawmakers of the control room before the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024 in Brownsville, Texas.
Elon Musk continues to push back against incorporating companies in Delaware, after a Delaware judge struck down his $56 billion 2018 pay package.
The company formally announced selection of the Texas location in August 2014. [7] In September 2013, the State of Texas General Land Office (GLO) and Cameron County signed an agreement outlining how beach closures would be handled in order to support a future SpaceX launch schedule. The agreement is intended to enable both economic development ...
Musk has been floating the idea of turning the launch site into a city for several years, with SpaceX first approaching officials in Cameron County, Texas, about the plan in 2021. Holding an ...