SpaceX is a company that aims to reduce the cost of space transportation with the long-term goal of creating a colony on Mars.

US billionaire and entrepreneur Elon Musk formed the businessinCalifornia in 2002 out of a project called Mars Oasisthat explored ways to send a mini greenhouseto the Red Planet togrow interplanetary plants.

After failing to elicit cheap rockets for the project from Nasa and returning empty-handed from a low-costpurchasing mission in Russia, Muskdecided he would need to create his own rockets. Thus, SpaceX was born.

Fifteen years later, SpaceX has almost 6,000 employees, has sent two rockets to the International Space Station andtwice landed a recycled rocket successfully.

SpaceX is developing the Dragon spacecraft and Falcon reusable rockets with a goal of sending manned missions to Mars. It is researching and developing ways to create cost efficient rockets that can be used more than once, aninterplanetary transport system anda global communications network.

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What is SpaceX and is it the future of space exploration? - Telegraph.co.uk