• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechSpaceX

Last Night’s Freaky California Rocket Launch Capped a Banner Year for SpaceX

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
December 23, 2017, 10:06 AM ET

SpaceX’s launch Friday evening of a rocket carrying a batch of satellites into low-earth orbit caps a record year for the closely held company led by Elon Musk.

The mission from California’s central coast was Space Exploration Technologies Corp.’s 18th this year. That’s more than any competitor and far exceeds the eight it launched in 2016 before a September explosion grounded the company for the rest of the year while an investigation took place.

“SpaceX has had a phenomenal year, and they’ve motivated and inspired a lot of people as to what is possible,” said Eric Stallmer, president of the Commercial Spaceflight Federation, an industry group for the private space sector.

The coming year is expected to be even bigger. With three launch pads now at their disposal after repairing the one damaged in the September 2016 blast, Musk and Chief Operating Officer Gwynne Shotwell have said they expect to fly roughly 30 missions in 2018. That tally will include several missions for commercial satellite operators, military customers and the National Aeronautics and Space Administration using the Falcon 9 rocket — which powered all of this year’s launches — but also a planned expansion to include a larger rocket and crewed missions.

Big Year

Next year “will be the biggest year in the space industry since 1969,” Stallmer said, referring to NASA’s Apollo 11 mission to the moon.

The maiden flight of Falcon Heavy, SpaceX’s bigger and more powerful rocket that will let it compete for heavier U.S. military payloads, is slated for January. SpaceX is also expected next year to demonstrate the Crew Dragon spacecraft it plans to use to ferry astronauts to the International Space Station, first with an unmanned mission as soon as April and then with a crewed test flight in August. SpaceX and Boeing Co. both have contracts with NASA to deliver American astronauts to the orbiting lab as part of the “Commercial Crew” program.

“If you liked tonight’s launch, you will really like Falcon Heavy next month,” Musk wrote on Twitter early Saturday. “3 rocket cores & 3X thrust.”

SpaceX’s 2017 total fell just shy of the 20 to 24 missions it had been targeting for this year. Still, its rate exceeded that of any rivals competing for the same missions. Arianespace, based in France, has completed 11 launches in 2017. United Launch Alliance, a joint venture between Boeing and Lockheed Martin Corp., launched eight government missions on its Atlas and Delta rockets.

“SpaceX is now dominant in terms of launch volume,” said Marco Caceres, a senior space analyst with Teal Group Corp., an aerospace and defense market researcher. “They’ve established that they can launch more than any other program in the world, and they’ve established reusability. If they do 30 launches next year, it will be spectacular, but the big story for 2018 is Falcon Heavy and Commercial Crew.”

Rapid Reusability

SpaceX has made strides this year working reusability into its launch process. By landing, refurbishing and redeploying rockets and capsules in future missions, Musk’s company has been able to more closely emulate commercial airline flights and begin to lower space-access costs.

“They are No. 1 in terms of cost, and that’s why they are getting so much business,” Caceres said.

Friday’s mission from Vandenberg Air Force Base in California — which carried 10 satellites into orbit for customer Iridium Communications Inc. — reused the rocket booster captured after an earlier Iridium launch in June. SpaceX didn’t attempt to land the rocket after Friday’s launch for reuse.

Musk, 46, founded Hawthorne, California-based SpaceX in 2002. It recently added another $100 million to its latest fundraising round, which values the company at more than $21 billion, according to Equidate. Billionaire Musk is also chief executive officer of electric-car maker Tesla Inc.

About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Will Wilson smiles
NewslettersTerm Sheet
Startup Antithesis turns years of real-world chaos into hours of simulated mayhem—and key trading firms and crypto networks are paying close attention
By Lily Mae LazarusMarch 23, 2026
2 hours ago
C-SuiteNext to Lead
How the Great Wealth Transfer could quietly disrupt corporate America’s leadership pipeline
By Ruth UmohMarch 23, 2026
3 hours ago
Palmer Luckey, founder of Anduril.
NewslettersFortune Tech
Anduril breaks in to the Pentagon big leagues
By Matthew HeimerMarch 23, 2026
3 hours ago
A phone with a logo in front of a black background
Big Techinvesting strategy
Supermicro—accused of smuggling $2.5 billion in Nvidia chips and servers to China—has been here before, with Iran
By Amanda GerutMarch 23, 2026
4 hours ago
kuo
CommentaryUnicorns
Alibaba.com President: The one-person unicorn is coming. AI is making it possible
By Kuo ZhangMarch 23, 2026
5 hours ago
Interloom cofounder and CEO Fabian Jakobi sitting on a chair leaning forward towards on low coffee table on which sits a laptop.
AIVenture Capital
Exclusive: Interloom, a startup capturing ‘tacit knowledge’ to power AI agents, raises $16.5 million in venture funding
By Jeremy KahnMarch 23, 2026
7 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.