Private companies in the context of "Spaceport"

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⭐ Core Definition: Private companies

A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter". Related terms are unlisted organisation, unquoted company and private equity.

Private companies are often less well-known than their publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to Forbes.

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👉 Private companies in the context of Spaceport

A spaceport or cosmodrome is a site for launching or receiving spacecraft, by analogy to a seaport for ships or an airport for aircraft. The word spaceport—and even more so cosmodrome—has traditionally referred to sites capable of launching spacecraft into Earth's orbit or on interplanetary trajectories. However, rocket launch sites for sub-orbital spaceflights are also sometimes called spaceports, especially as new and proposed facilities for suborbital commercial spaceflight are often branded as "spaceports". Space stations and proposed future lunar bases are also sometimes referred to as spaceports, particularly when envisioned as nodes for further interplanetary travel.

Spaceports are evolving beyond traditional government-run complexes into multi-functional aerospace hubs, increasingly driven by private companies such as SpaceX, Blue Origin, and Virgin Galactic. A prominent example is Starbase, a private spaceport operated by SpaceX in Boca Chica, Texas. Starbase serves as the primary development and launch site for Starship, a fully reusable spacecraft designed for missions to the Moon, Mars, and beyond. The facility includes rocket production, launch, and landing infrastructure, and in May 2025, it was officially incorporated as a municipality in Texas—marking the first time a spaceport has become its own city. Starbase is now both a spaceport and a small residential and industrial community, primarily supporting SpaceX operations.

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