Extraordinary Elon Musk: What You Need to Know

Fact 8

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Founding of SpaceX After his success with PayPal, Elon Musk ventured into the aerospace industry by establishing SpaceX:

Key Points Establishment of SpaceX: Elon Musk founded SpaceX (Space Exploration Technologies Corp.) in 2002, aiming to revolutionize space travel and reduce costs.

NASA Contract: Seven years after its founding, SpaceX secured a billion-dollar contract with NASA, marking a significant milestone for the company.

Conclusion The establishment of SpaceX exemplifies Musk's vision for space exploration and innovation, as well as his ability to forge crucial partnerships that would pave the way for advancements in aerospace technology.