san diego venture group; venture summit 2013; shotwell

Gwynne Shotwell

Keynote Speaker

Gwynne ShotwellPresident & COOSpaceX

San Diego Venture Group11th Annual Venture SummitGwynne ShotwellJuly 12, 2013

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SpaceX Overview Video

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About SpaceX

• Founded in 2002 with the singular goal of providing highly reliable, low-cost space transportation for both cargo and crew

• Over 3,000 employees and growing

• Approximately $4 Billion in business under contractunder contract

• Almost 50 flights now on Manifest

• 5 successful flights in a row of the Falcon 9 launch vehicle

• 4 successful Dragon missions – 3 of them to the International Space Station

• Launch sites at Cape Canaveral, FL and Vandenberg AFB, CA

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SpaceX Locations

McGregor, TXMcGregor, TX

Chantilly, VAChantilly, VA

Washington, DCWashington, DC

Houston, TXHouston, TX

Hawthorne, CAHawthorne, CA

Vandenberg AFB, CAVandenberg AFB, CA

Cape Canaveral, FLCape Canaveral, FL

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Vandenberg AFB, CA Hawthorne, CA McGregor, TX Cape Canaveral, FL

Primary External Investors

Civil ($2.8B)

• Commercial Cargo ($1.5B)

• Commercial Crew (.8B)

• Science Satellites ($.5B)

National Security ($3B)

Launch Markets

• US Air Force

• Other DoD

• NRO

• Other

Commercial (Domestic and Int’l > $2B)

• Satellite carriage (GTO) ($2B)

• Satellite Carriage (LEO) (lumpy)

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Keys to Success

Nearly 50 launches on manifest valued at more than $4 billion

Design – Increase reliability and value through simplicity, redundancy, robust design margins, and rapid prototyping

Evolutionary & Building Block Approach – Leverage commonality between vehicles

Flat Management Structure – Decision authority at the lowest possible level

SpaceX Pricing Competitor PricingSpaceX Pricing

Falcon 9 ~ $54M Falcon 9 w/Dragon ~ $130MFalcon Heavy ~ $128M

Competitor Pricing

Long March 3 (China) ~ $65MSea Launch Zenit (Russia) ~ $105MILS Proton (Russia) ~ $105MArianespace Ariane V (France) ~ $200MUnited Launch Alliance (USA) ~ $450M*

*subsidized by USG

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Wide Breadth of Technical Expertise

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We design and build more than 70% of our vehicle content in-house

SpaceX Product Portfolio

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Falcon 1(Retired)

Falcon 9 Falcon Heavy Dragon Spacecraft

Falcon 9 Flight Heritage

Falcon 9Inaugural Flight

Jun 4, 2010

Falcon 9 Flight 2 Dragon COTS C1

Dec, 8 2010

Falcon 9 Flight 3Dragon COTS 2+

May 22, 2012

Falcon 9 Flight 4Dragon CRS-1

Oct 7, 2012

Falcon 9 Flight 5Dragon CRS-2

Mar 1, 2013

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SpaceX Global Customer BaseWith the entry of SpaceX into the commercial geosynchronous transfer orbit

(GTO) marketplace, American competitiveness is experiencing a robust recovery

NASA – Washington, DCNASA – Washington, DC

ORBCOMM – Ft. Lee, NJORBCOMM – Ft. Lee, NJ

MDA – Richmond BC, CanadaMDA – Richmond BC, Canada

Intelsat – Washington, DCIntelsat – Washington, DC

SS/L – Palo Alto, CASS/L – Palo Alto, CA

SES – Betzdorf, LuxembourgSES – Betzdorf, Luxembourg

Iridium – McLean, VAIridium – McLean, VABigelow Aerospace – Las Vegas, NVBigelow Aerospace – Las Vegas, NV

Spacecom – IsraelSpacecom – Israel

ABS – Hong Kong, ChinaABS – Hong Kong, China

AsiaSat – Hong Kong, ChinaAsiaSat – Hong Kong, China

NSPO – Hsinchu, TaiwanNSPO – Hsinchu, Taiwan

Diversified flight manifest with strong

presence in Commercial, Civil and

Defense sectors in nine countries

Equator

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SatMex – Mexico City, MexicoSatMex – Mexico City, Mexico

CONAE – Buenos Aires, ArgentinaCONAE – Buenos Aires, Argentina

Thaicom – Nontaburi, ThailandThaicom – Nontaburi, Thailand

NSPO – Hsinchu, TaiwanNSPO – Hsinchu, Taiwan

What’s Ahead for SpaceX?What’s Ahead for SpaceX?

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1 – Regular Operations

Customer Date† Vehicle Launch Site

ORBCOMM – multiple flights 2012-2014 Multiple Cape Canaveral

NASA Resupply to ISS – CRS-2 thru 12 2012-2015 Falcon 9 / Dragon Cape Canaveral

MDA Corporation (Canada) 2013 Falcon 9 Vandenberg

Falcon Heavy Demo Flight 2014 Falcon Heavy Vandenberg

SES (Europe) – two flights 2013, 2015 Falcon 9 Cape Canaveral

Thaicom (Thailand) 2013 Falcon 9 Cape Canaveral

NSPO (Taiwan) 2013 Falcon 9 Vandenberg

AsiaSat (Hong Kong) – two flights 2014 Falcon 9 Cape Canaveral

Space Systems/Loral 2014 Falcon 9 Cape Canaveral

DSCOVR (US Air Force) 2014 Falcon 9 Cape Canaveral

CONAE (Argentina) – two flights 2014, 2015 Falcon 9 Vandenberg

DragonLab – two flights 2014, 2015 Falcon 9 / Dragon Cape Canaveral

Asia Broadcast Satellite / Satmex – two flights

2014, 2015 Falcon 9 Cape Canaveral

Jason-3 (NASA) 2014 Falcon 9 Vandenberg

Spacecom (Israel) 2015 Falcon 9 Cape Canaveral

Bigelow Aerospace 2015 Falcon 9 Cape Canaveral

Iridium – eight flights 2015-2017 Falcon 9 Vandenberg

STP-2 (US Air Force) 2015 Falcon Heavy Cape Canaveral

Intelsat 2015 Falcon Heavy Cape Canaveral

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3 – Falcon Heavy

• Uses three Falcon 9 first stages in parallel - will be the world’s largest lift capacity to orbit

• 53,000 kg (117,000 lb) to Low Earth Orbit

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• That is more than 2x the Space Shuttle – and half the lift of Saturn V, last launched in 1973

• Estimated to deliver a record breaking price of $1,100 per pound to orbit

4 – Crew Transport

• We are currently developing the suits, seats, life support, and emergency escape systems for Dragon to carry people

• Targeting first human flight in 3-4 years

• Our first manned flight will carry a crew of SpaceX astronauts to orbit and back

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Where do we go from here?

DESTINATION TIME DISTANCE

• Earth Orbit ~ 10 minutes ~200 km• Earth Orbit ~ 10 minutes ~200 km

• Moon ~ 3 days 381,000 km

• Mars ~ 6 months 54,556,600 km

• …and Beyond! ? ?

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