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

Trendingnow

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

As Trump balks again at escalating war, Iran smells 'blood in the water' and looks to exploit its newfound strategic advantage, experts say

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

As Trump balks again at escalating war, Iran smells 'blood in the water' and looks to exploit its newfound strategic advantage, experts say
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
Add Fortune on Google for similar content.

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
Add Fortune on Google for similar content.

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
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
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
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Tech

A physical Bitcoin coin held between an index finger and a thumb.
CryptoBitcoin
Bitcoin owners rocked by $116 million hack: What we know about the Coldcard exploit
By Camila Grigera NaónAugust 3, 2026
1 hour ago
broker
InvestingMarkets
Wall Street’s bulls are starting to admit the earnings bubble is real — and the 60/40 portfolio may be the first casualty
By Nick LichtenbergAugust 3, 2026
2 hours ago
Photo of Sam Altman
SuccessWealth
Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity
By Preston ForeAugust 3, 2026
3 hours ago
Photo of the ElliQ device in a living room
AITech
Forget Gen Z: People in their 70s and 80s are some of the earliest Americans to welcome physical AI into their homes and daily routines
By Marco Quiroz-GutierrezAugust 3, 2026
3 hours ago
Fortune Daily video show graphic showing host Ellie Austin
C-SuiteFortune Daily
Welcome to Fortune Daily
By Ellie AustinAugust 3, 2026
4 hours ago
congress
Commentaryregulation
Congress needs an AI framework now
By Caleb KnappAugust 3, 2026
4 hours ago

Most Popular

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
North America
Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
By Catherina GioinoAugust 2, 2026
1 day ago
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
Economy
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
By Jason MaAugust 1, 2026
2 days ago
As Trump balks again at escalating war, Iran smells 'blood in the water' and looks to exploit its newfound strategic advantage, experts say
Middle East
As Trump balks again at escalating war, Iran smells 'blood in the water' and looks to exploit its newfound strategic advantage, experts say
By Jason MaAugust 2, 2026
24 hours ago
Trump just invoked a 1930 tariff law no president has ever used — against Canada
Commentary
Trump just invoked a 1930 tariff law no president has ever used — against Canada
By Caleb PetittAugust 2, 2026
1 day ago
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
Success
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
By Orianna Rosa RoyleAugust 2, 2026
1 day ago
Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
Success
Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
By Preston ForeAugust 1, 2026
2 days 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.