Space Economy: Intesa Sanpaolo invests in SpaceX

The image accompanying the News on Intesa Sanpaolo's investment in SpaceX, leader in space launches, portrays the SpaceX Crew Dragon spaceship, on top of the Falcon 9 rocket, inside the hangar, shortly before launch

Intesa Sanpaolo invests in SpaceX (Space Exploration Technologies Corp), the world’s leading provider of launch services. The move is in line with the Bank’s 2022-2025 Business Plan, in which innovation represents one of the most relevant aspects for value creation.

The aerospace sector can play a crucial role in driving the development and growth of the world's economies and SpaceX has shown a cutting-edge vision for the future in this field.

SpaceX has gained worldwide attention for a series of historic milestones:

  • only private company capable of returning a spacecraft from low-Earth orbit
  • in 2012, its Dragon spacecraft became the first commercial spacecraft to deliver cargo to and from the International Space Station
  • in 2020, SpaceX became the first private company to take humans to the International Space Station
  • its Falcon 9 is the world’s first and only orbital class reusable rocket, driving down the cost of space access

Based on these experiences, SpaceX is for example developing Starship, a next generation of fully reusable launch vehicles, capable of carrying humans to Mars and other destinations in the solar system.