Want to intern at SpaceX? Here's how much they pay
What's the story
Interns at Elon Musk's SpaceX are paid salaries that are close to the paychecks of an average American worker. The average annual salary of a SpaceX intern is about $63,716 (roughly ₹55 lakh). This comes to about $5,309 (around ₹4.6 lakh) a month, which is 57% higher than the average stipend for internships in the US. A SpaceX intern earns just $2,000 (approximately ₹1.7 lakh) less than an average American worker's annual income, according to Bureau of Labor Statistics data.
Opportunities
Diverse roles and benefits
Internship opportunities at SpaceX cover a wide range of fields including technology, engineering, design, and business operations. This means students from different educational backgrounds can apply for positions at the company. Along with competitive salaries, interns also get benefits like relocation assistance, health insurance coverage, 'gourmet' food options at work, and a complimentary gym membership.
Criteria
Pay depends on role and field of study
The internship pay trend at SpaceX has been brought to light by Space Crew, which highlights the huge financial perks of interning there. The pay for these internships depends on role and field of study, but is always higher than regular US internship stipends.
Comparison
SpaceX's compensation outshines NASA
The financial rewards at SpaceX far exceed those offered by NASA. For instance, graduates applying for top-paying jobs at NASA during the Fall/Spring Internship Session are paid $14,400 (around ₹12.4 lakh) for a 16-week program. This stark contrast highlights the competitive edge SpaceX offers in terms of intern compensation and benefits.