Did you know? The SpaceX company plans to make space travel accessible to all and charge per seat for a trip into space shortly.
SpaceX is a company that people worldwide talk about a lot. Elon Musk, who started the company, is known worldwide for his creative ideas and thinking outside the box. Man, going into space on a fast spaceship was once a crazy idea, but thanks to SpaceX, it’s almost going to happen. See also: Uber Mission Statement 2023 | Uber Mission & Vision Analysis
The company has always been at the forefront of the space race. However, the company is also investing in several other subsidiaries to create a different futuristic mode of travel. That said, the company is not publicly traded, and all its operational costs come from funding.
SpaceX has raised $1.5 billion in funding in the last year.
The in-depth analysis of SpaceX’s mission statement, vision statement, and core values will help you understand the reasons behind the success of this space and communication giant.
SpaceX mission statement
“To revolutionize space technology with the ultimate goal of enabling people to live on other planets.”
SpaceX’s Mission Statement Analysis
SpaceX has a mission statement that reflects the vision and ambition perceived by its owner and CEO, Elon Musk.
“You want to wake up in the morning and think the future is going to be great—and that’s what being a spacefaring civilization is all about. It’s about believing in the future and thinking that the future will be better than the past. And I can’t think of anything more exciting than going out there and being among the stars.”
That said, here is a complete analysis of the SpaceX mission statement.
- Making the Next Leap in Human Evolution
The last time human life made an evolutionary leap was when humankind came down from the caves and started dwelling in towns and cities. However, SpaceX is transparent, without shame or doubt, about its desire to take the next leap. The idea is to enable humans to start living on other planets apart from our mother planet, Earth.
- Revolutionizing Space Technology
Space technology has been around for many decades. However, SpaceX made it its mission to find a significant breakthrough. The company has made it through and given the space and communication industries some breakthroughs to pave the way for future space travel.
- Improving the Quality of Life
While others may see this mission statement as a line from a Star Trek monologue, SpaceX wants to improve human life. The idea is to create an alternative habitat for humans. This will help humankind escape the aftermath of depleting natural resources and overpopulation.
However, the company is about more than interplanetary travel and making life possible and better on Mars and other planets. SpaceX has shown dedication to our planet Earth and feels sensitive about environmental sustainability and conservation.
SpaceX Vision Statement
“To advance the future.”
This is a simple yet powerful vision statement. However, you must remember that both mission and vision statements are not officially written or announced by the company or Elon Musk (CEO of Tesla and Space X). However, it is assumed that the vision is to leap into the future using all the technological advancements.
SpaceX’s Vision Statement Analysis
Here is a detailed analysis of SpaceX’s vision statement.
SpaceX is world-renowned for its unorthodox, state-of-the-art, and cutting-edge designs for spacecraft and other equipment. The success of some of its ideas has acted as a catalyst for outside-the-box innovation. This vision has made SpaceX one of the most revered companies of the modern era.
- Marching into the Future
While SpaceX has been associated with other initiatives by Elon Musk, the company focuses on making space travel possible. The company does not rely on the feedback and appreciation of its work from anyone. SpaceX sees itself as one of the futurists who are working for the betterment of the human race.
This component of the vision statement is the foundation of the company. While we may not be able to start living on the moon for the next few decades, Elon Musk aims to take a crewed mission to Mars by 2026.
SpaceX Core Values
SpaceX is currently operating on its core values, which are:
Innovation, creativity, and thinking outside the box are the three major components of the core value. The company appreciates those who dare to dream, and SpaceX has always operated with the mindset of a risk-taker. However, the company has also been an ambassador for inclusivity and diversity.
The world may have mocked the company, but its founder’s vision and commitment proved that SpaceX is not just a far-fetched dream. The launches of Falcon Heavy have already made it quite clear that SpaceX has something right going on there, and the company is on to something.
The visionary mindset
SpaceX and its founder are looking for something other than appreciation for their current work. The company’s core value is to make space technology reach its epitome with whatever resources and technology we have.
This may need to be more helpful or appreciated by the world population. However, the company is sure that it will pave the way for generations to come, and the future human race will be able to take a leap forward and travel into space.
Conserving the Planet
All this effort is also an attempt to ensure that the human race slows down the speed with which it consumes Earth’s resources. SpaceX is an attempt to offer an alternative when there is not enough left for everyone to share.
However, the company is doing its best to develop sustainable and energy-efficient solutions to release the pressure humans have been inflicting upon the ecosystem.
References and more information
- SpaceX: Making Humanity multi-planetary
- SpaceX, Starlink Mission, SpaceX
- SpaceX, Falcon Heavy, and SpaceX
- SpaceX, Capabilities and Services, SpaceX
- According to Jefferies estimates, CNBC (May 20, 2019) INVESTING IN SPACE SpaceX is the No. 1 rocket company by revenue, with $2 billion last year. CNBC
- Featured image by SpaceX