Jim Maser to Join SpaceX as President and Chief Operating Officer

Mar 17, 2006, 00:00 ET from SpaceX

    EL SEGUNDO, Calif., March 17 /PRNewswire/ -- SpaceX announced that Jim
 Maser will be joining the company as President and Chief Operating Officer.
 Mr. Maser has an exceptional track record of success in both the technical and
 business aspects of the launch vehicle industry.  Before joining SpaceX, Mr.
 Maser served first as Chief Systems Engineer and then as President and General
 Manager of Sea Launch, arguably the world's most successful commercial launch
     "Jim brings a wealth of capability and experience to the SpaceX team.  His
 joining is also a tremendous endorsement of SpaceX, our accomplishments to
 date and our vision for the future," said Elon Musk, Chairman and CEO of
     "I am very excited about joining Elon's entrepreneurial team.  I'm looking
 forward to contributing to SpaceX's successes and working with the team to
 fundamentally change the nature of the space exploration business," said Jim
     Mr. Maser started his career with the Boeing Delta and Evolved Expendable
 Launch Vehicle programs in structural design.  He went on to serve as Chief
 Engineer of Delta III and was one of the key architects of the evolution of
 Delta II to Delta IV.  Before joining McDonnell Douglas (now Boeing) in the
 1980s, he was a research fellow at the NASA/Lewis Research Center.
     About SpaceX
     SpaceX is developing a family of launch vehicles intended to reduce the
 cost and increase the reliability of both manned and unmanned space
 transportation ultimately by a factor of ten.  With its Falcon line of launch
 vehicles, SpaceX is able to offer light, medium and heavy lift capabilities,
 as well as deliver spacecraft into any inclination and altitude, from low
 Earth orbit to geosynchronous orbit to planetary missions.
     SpaceX is the third company founded by Elon Musk.  Previously he
 co-founded PayPal, the world's leading electronic payment system, which was
 sold to eBay for $1.5 billion in 2002.  In 1995, Mr. Musk co-founded Zip2,
 which sold to Compaq Computer Corporation for over $300 million.