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- Elon Musk SpaceX Story: Trillionaire On 55th Birthday | 3 Rocket Failures
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In the year 2008, when the whole world was on the verge of recession, the American stock market had crashed and big billion dollar companies were getting destroyed. Then a man named Elon Musk was playing the biggest gamble of his life.
Three rocket launches had failed. Another company Tesla was also sinking. He spent every penny of his money on the last rocket launch. If it had failed, he would have gone bankrupt. His ex-wife Tallulah Riley says, “Musk started talking to himself, shouting loudly with outstretched arms. It seemed as if he was going to have a heart attack.”
But today the IPO of this rocket company SpaceX has made Musk the world’s first trillionaire. That means his net worth exceeded Rs 94 lakh crore. Today on June 28, 2026, Musk turns 55 years old. The story of SpaceX on this occasion…
On June 12, 2026, Elon Musk became the world’s first trillionaire. His net worth had crossed Rs 95 lakh crore. Trading of SpaceX shares started at $ 150 per share on the American stock exchange Nasdaq. Due to which Musk’s total net worth became 1.1 trillion dollars.
When Musk betted all his money in risky business…
This story starts from the 1990s. He dropped out of Stanford University and started an online city guide named ‘Zip 2’, which was bought by Compaq for $37 million. After this he created ‘x.com’ which later became PayPal.
When it was bought by eBay for $1.5 billion, Musk’s share came to $180 million. Musk invested this entire amount in three very risky businesses. $100 million in Spacex, $70 million in Tesla and $10 million in solar.
The taunt that made Musk a rocket scientist…
Musk went to Russia in 2001. They wanted to buy old refurbished intercontinental ballistic missiles. The Russians mockingly taunt him, “Maybe this guy wants to transfer money to aliens too, mars.com. Free money transfers all over the galaxy!”
When Musk talked about paying $8 million for a rocket, the Russian official laughed and said, “For $8 million I can give you a brochure on rockets and a free bottle of vodka.” The Russians raised the price of one rocket to $18 to $21 million.
Musk understood that talking to him was useless. They decided that they would make their own rocket. He calculated that the actual cost of the raw materials used to make the rocket, such as titanium, copper and carbon fiber, was less than 2% of the final price of the rocket. That means the remaining 98% was the suppliers’ profit.
NASA even bought a simple door latch for $1,500 because it was “aerospace grade.” Musk immediately ordered a $30 bathroom latch from a hardware store and told his team, “This latch will lock the door on the Moon as well as on Mars.”
In this way he reduced the expenses by 49 times. Instead of carbon fiber which was sold for $200 per kg, he started using stainless steel which was priced at $3 to $4 per kg.
Musk got success after three failures…
- Flight 1 (March 24, 2006): It was launched from the Omelek Island launch site. Shortly after takeoff, the rocket’s fuel line caught fire and it crashed.
- Flight 2 (March 21, 2007): This was the second flight. Initially the rocket worked well, but later it started spinning uncontrollably and could not reach the orbit.
- Flight 3 (August 3, 2008): In this mission, the first part of the rocket separated successfully, but there was a slight problem. Due to a slight delay in the remaining thrust, the first and second parts collided with each other, destroying the rocket.
Elon Musk rummaging through the debris of a failed launch in 2008. Musk’s three rocket launches had failed consecutively, after which he was on the verge of complete bankruptcy.
- Flight 4 (September 28, 2008): This was a ‘do or die’ endeavor for the company. This time Falcon 1 flew smoothly. The dummy payload was delivered to low Earth orbit. This made SpaceX the first private company to reach orbit.
When Falcon-9 changed the rules of rocket science…
When Musk talked about making reusable rockets, Russian experts laughed and said, “Flying the rocket again is like drinking water and spitting it back into the bottle and then drinking it! This is nonsense. But Spacex made this also true.
The company launched and landed the first reusable rocket Falcon 9 on 22 December 2015. Elon Musk is also building the world’s most powerful rocket starship. They want to send humans to Mars with this completely reusable rocket.
The first stage of a rocket costs 36 to 48 million dollars. Old companies used to drop it in the ocean like garbage, but SpaceX’s Falcon 9 rocket goes up and its first stage comes back and lands vertically directly on the ground or ship.
SpaceX launched and landed the first reusable rocket Falcon 9 on December 22, 2015.
Musk’s spacecraft also brought back Sunita Williams
Today, thanks to this cost-cutting strategy of Elon Musk, SpaceX alone occupies 60% of the global commercial launch market. Today the situation is such that while the spacecraft of a century-old company like Boeing failed to bring Sunita Williams back from the space station, SpaceX’s ‘Dragon Spacecraft’ brought her back safely.
SpaceX plans to establish a colony on the moon
Elon Musk also plans to set up an AI satellite factory on the moon. Musk had recently announced this. He had told that he wants to capture the sun’s energy through this.
Musk’s plan is that instead of relying on Earth’s limited electricity, the Moon should be made a big factory from where millions of AI satellites can be sent into space. Due to the low gravity of the Moon, these satellites can be deployed at very low cost.
The panels installed in these satellites will capture the sun’s unlimited energy. Initially this energy will be used to run space data centers, which will give AI the power to think and work unlimitedly. This is not possible due to less energy on Earth.
After this, in the coming years, when we will have the technology to capture the unlimited energy of the sun, then there will be no need to worry about fuel to run the spaceship. These ships will take us to other planets. Arrangements for food and drink will be made in space itself.
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