SpaceX started with a very low potential success rate. Founder Elon Musk suggests he calculated the probability of the company’s potential success rate to be about 10 percent. Musk believed that enough funds could be scrapped together for three attempts at a rocket. Three attempts later, all three rockets failed.
Determination, hope, and belief that this could work lead to dumping everything the company had left and more into one final attempt. On September 28, 2008, SpaceX gave it one last try and put their fourth rocket on the pad. Falcon 1 made it into space on that historic day, and SpaceX became the first every private company to successfully launch a liquid fuel rocket into space.
Seven years after their first successful flight, and many rocket iterations later, SpaceX launched the proven capable Falcon 9 rocket from Cape Canaveral, Florida on December 21, 2015. On this day, SpaceX proved that a 15 story rocket can leave the planet and come back and land, marking their first ever rocket landing. This has paved the way for rocket reusability.
On February 6, 2018 SpaceX launched their latest and greatest rocket Falcon Heavy. The rocket majestically split into three multi-ton parts above the earth’s atmosphere, and SpaceX landed the two side boosters simultaneously. This was the first time two rocket boosters had ever been landed at the same time. Not to mention, the payload was sharp red Tesla Roadster, which is now on a perpetual cruise throughout the solar system.
Now SpaceX has their eye on the moon, private passengers, mars, and their BFR rocket which will be an interplanetary transport vehicle. Where will SpaceX be in 10 more years?