10 Little Known Billion Dollar Businesses

By siliconindia | Tuesday, 04 February 2014, 13:11 Hrs

SpaceX

Valued At: $4.8billion

Founder: Elon Musk

Established: 2002

SpaceX was started with the aim of providing space transportation services. Its goal was to reduce the cost of space transportation by developing reusable launch vehicles. They have so far designed two reusable launch vehicles—Falcon1 and Falcon9. It became the first private entity to send a satellite to geosynchronous orbit in 2013. It has obtained multiple contracts from NASA.

Uber

Valued At: $3.8billion

Founders: Garrett Camp, Travis Kalanick

Established: 2009

Uber is into transportation services. They provide cars for hire and ridesharing. They launched their mobile app in 2010 which enables the costumer to book a cab by sending a text message. Through the app, the costumer can find out the location of the booked cab anytime. Uber has operation in many countries other than the U.S.