On March 14th, 2002, Elon Musk founded SpaceX with the hope of revolutionizing spaceflight and making commercial spaceflight more accessible. Initially, SpaceX was struggling. Their first flight of the Falcon 1, in March of 2006, had failed, and subsequent launches failed to reach orbit. The company was on the brink of bankruptcy, but fortunately, SpaceX received grant of $1 billion from NASA. On May 25th, 2012, the SpaceX Dragon capsule docked with the ISS, resulting in shipping contracts for SpaceX, and jumpstarting SpaceX's development for a reusable rocket.