SpaceX was founded by Elon Musk in 2001 with a vision to decrease the cost of space launch, paving the way to a sustainable colony on Mars. In 2008, when SpaceX was almost out of funds, Falcon 1 successfully launched to orbit after three failed launch attempts. The company then pivoted towards the development of the larger Falcon 9 rocket and the Dragon 1 capsule to satisfy NASA’s COTS contracts for deliveries to the International Space Station. By 2012, SpaceX finished all COTS test flights and began delivering Commercial Resupply Services missions to the International Space Station. Also around that time, SpaceX started developing hardware to make the Falcon 9 first stage reusable. The company demonstrated the first successful first-stage landing in 2015 and re-launch of the first stage in 2017. Falcon Heavy, built from three Falcon 9 boosters, first flew in 2018 after a more than decade-long development process. As of October 2024, the company’s Falcon 9 rockets have landed and flown again more than 330 times, reaching 1–2 launches a week.

These milestones delivered the company much-needed investment and SpaceX sought to diversify its sources of income. In 2019, the first operational satellite of the Starlink internet satellite constellation came online. In subsequent years, Starlink generated the bulk of SpaceX’s income and paved the way for its Starshield military counterpart. In 2020, SpaceX began to operate its Dragon 2 capsules to deliver crewed missions for NASA and private entities. Around this time, SpaceX began building test prototypes for Starship, which is the largest launch vehicle in history and aims to fully realize…