Launching into the Future: SpaceX is propelling towards new heights in Space Travel

Launching into the Future: SpaceX is propelling towards new heights in Space Travel
SpaceX is leading the way in commercialization of space travel | Photo credit: Pexels

The spacetech industry is one of the most dynamic and fast-growing sectors today. In just a few years, this ambitious and revolutionary field has taken off to new heights, with investments totaling billions of dollars in research projects for everything from launching satellites into space to developing innovative technologies for life on Earth.

In US & Europe, investments in spacetech have grown by 60% between 2022 and 2023. Meanwhile, investments in Asia also rose by almost 80%. The average deal size in Q2 was $17.3 million, up from $14.3 million in Q1 2023.

From private players pushing boundaries never before imagined, to global initiatives such as lunar missions and asteroid mining, there's no shortage of excitement when it comes to thinking about what can be accomplished in our rapidly-evolving universe.

However, one private space company stands out from the rest - SpaceX. SpaceX has taken the aerospace industry by storm since its launch a decade ago. Its mission? To revolutionize space transportation – with the ultimate goal of enabling humanity to colonize Mars. 

SpaceX’s reusable rockets have significantly brought down the cost of spaceflight | Photo credit: Pexels

The Unprecedented Growth and Impact of SpaceX

Founded in 2002 by Elon Musk, SpaceX has transformed the space industry with its innovative rocket designs and reusable spacecrafts. Today, SpaceX is on track to hit revenues of about US$9 billion this year across its rocket launch and Starlink businesses, with sales projected to rise to around US$15 billion in 2024. According to Euroconsult, around 40% of these revenues could be attributable to the broadband connectivity services of Starlink, which are now available across nearly 60 countries and key maritime/ocean areas globally.

SpaceX accounting for over 64% of commercial rocket launches worldwide in the first half of this year, strengthening its position as the undisputed leader in the space transportation market.

With the company looking to selling a significant portion of its stock, at a valuation of $175 billion or more, SpaceX is on its way to becoming more highly valued than any initial public offering in U.S. history, topping Alibaba’s $169 billion IPO valuation from 2014.

Let's Explore SpaceX's Groundbreaking Work

Their groundbreaking work has not only made space exploration more affordable but has also inspired a new generation of space enthusiasts. Let’s take a look at how SpaceX is revolutionizing the space industry:

1. Reusable rockets:

SpaceX has developed a new generation of reusable rockets that can take off and land vertically. This technology is a game-changer as it drastically reduces the cost of spaceflight. In the past, rockets were only used once due to their high cost and risk of damage during re-entry. However, with reusable rockets, the cost of spaceflight has come down significantly. This means that more organizations, such as governments and private companies, can now afford to launch their payloads and spacecraft into orbit. 

The used first stage of SpaceX’s completely reusable Falcon 9 rocket comes down for a landing | Photo credit:

2. Space travel for civilians:

SpaceX has made history by becoming the first company to launch civilians into space. In September 2021, they successfully launched four civilians into Earth's orbit, marking a new era of space travel for civilians. This is a significant milestone for the space industry as it truly opens up space exploration to the masses. The commercialization of space travel is now possible, and SpaceX is leading the way. 

3. Mars colonization:

One of SpaceX's most ambitious goals is to colonize Mars. The company is working on developing a reusable spacecraft called Starship, which is designed to take humans to Mars and back. The spacecraft is still in development, but it's an incredible feat of engineering. The ultimate goal is to create a self-sustainable civilization on Mars. This may seem like an impossible feat, but with SpaceX's track record of innovation, anything is possible. 

4. Environmental impact:

SpaceX's rockets are designed to be more environmentally friendly than traditional rockets. The company has developed reusable rockets and uses cleaner fuels, reducing the carbon footprint of their launches. 

SpaceX's efforts have enabled numerous significant breakthroughs in spacecraft technology | Photo credit: Pexels

Alta’s pivotal role in fueling SpaceX's ambitious space exploration

In 2018, Alta (then known as Fundnel) launched its first SpaceX funding campaign,  giving our investor community a front row seat into the spacetech firm’s astronomical rise. Investors interested in investing in SpaceX were given the option to either invest via a Variable Capital Company (VCC) feeder fund or directly in the opportunity with the minimum ticket size.

The VCC is able to pool investors, including institutional investors who are able to make larger commitments and investors with smaller ticket sizes, tapping on a wider investor base for issuers seeking to raise capital. Offering direct access to this opportunity, Alta worked towards creating access to smaller-ticket investors by lowering the required minimum ticket size to US$10,000. 

To date, Alta has raised over $100M from our investors to invest in SpaceX. 

You too can be a part of SpaceX’s astronomical rise!

SpaceX's efforts have enabled numerous significant breakthroughs in spacecraft technology and their unwavering commitment to innovation is already influencing a new era of exploration beyond Earth. 

From reusable rockets, breaking launch speed records, and becoming first private company to deliver cargo to The International Space Station onboard their unmanned Falcon 9 rocket - it is without a doubt that SpaceX has firmly placed itself at the forefront of pioneering advances in space travel. 

Now is absolutely the right time to invest in this innovative organization as they lead society into uncharted territories above us. Reach out to us today to capitalize on this burgeoning industry!