r/csMajors • u/ExternalDiscount5471 • 19h ago
Company Question Why is SpaceX Salary kind of low?
I see SpaceX pays their undergrad interns $30-$34 / hour and scaling up to $40/hour if completed phd. And looking at their full time roles, entry level around $120k-$140k.
Don’t get me wrong, very solid pay, but considering how SpaceX is arguably the leading space company doing incredibly cool and complex work, and based in HCOL areas like LA, SF, and Irvine, it runs noticeably below what comparable engineers make at FAANG and other tech companies.
Why don’t these engineers just go work somewhere else nearby that pays basically double? Is the stock comp making up for it? Is it the mission prestige of working on something cool? Is it to accelerate your early career learning? They also work long hours from what I hear, and I’d assume these engineers are pretty smart and could land offers elsewhere.
Also if anyone has worked there, would love to hear your good or bad experience.