This was the first time in history such a feat had been achieved by an orbital rocket and is a significant step towards rocket reusability lowering the costs of access to space.The relatively immense power to weight ratio allows each Merlin 1D engine to vertically lift the weight of 40 average family cars.Space X intends to launch a Dragon spacecraft on a Falcon Heavy in 2018 to soft-land on Mars – this is intended to be the first of a regular cargo mission supply-run to Mars building up to later crewed flights.
In 1995, at age 24, Musk moved to California to begin a Ph D in applied physics and materials science at Stanford University, but left the program after two days to pursue his entrepreneurial aspirations in the areas of the Internet, renewable energy and outer space. The merged company focused on the Pay Pal service and was renamed Pay Pal in 2001.
Pay Pal's early growth was driven mainly by a viral marketing campaign where new customers were recruited when they received money through the service.
Series A investor, CEO, and product architect of Tesla Inc.; co-chairman of Open AI; and founder and CEO of Neuralink.
Musk is also a co-founder and former chairman of Solar City, co-founder of Zip2, and founder of X.com, which merged with Confinity and took the name Pay Pal.
The group met again with Kosmotras, and were offered one rocket for , however, this was seen by Musk as too expensive; Musk consequently stormed out of the meeting.
On the flight back from Moscow, Musk realized that he could start a company that could build the affordable rockets he needed.
Musk calculated that the raw materials for building a rocket actually were only 3 percent of the sales price of a rocket at the time.
It was concluded that theoretically, by applying vertical integration and the modular approach from software engineering, Space X could cut launch price by a factor of ten and still enjoy a 70-percent gross margin.
Astronaut transport to the ISS is currently handled solely by the Soyuz, but Space X is one of two companies awarded a contract by NASA as part of the Commercial Crew Development program, which is intended to develop a US astronaut transport capability by 2018.
On December 22, 2015, Space X successfully landed the first stage of its Falcon rocket back at the launch pad.
As of October 2017, Musk has an estimated net worth of .8 billion, ranking in the 2017 Forbes 400 as the 21st wealthiest person in America.