Burlington vs SpaceX: Founders, CEOs and History
Burlington was founded in 1972 by Monroe Milstein and is led by Michael O'Sullivan. SpaceX was founded in 2002 by Elon Musk and is led by Elon Musk.
Company facts
Burlington
- Founded
- 1972
- Headquarters
- Burlington, New Jersey
- Current CEO
- Michael O'Sullivan
- Employees
- 83,309
SpaceX
- Founded
- 2002
- Headquarters
- Starbase, Texas; major operations in Hawthorne, California
- Current CEO
- Elon Musk
- Employees
- 22,621
Founders
Burlington
Monroe Milstein
Monroe G. Milstein grew up in his family's wholesale outerwear business in New York.
SpaceX
Elon Musk
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa, and emigrated to Canada at age 17 before transferring to the University of Pennsylvania, where he earned dual degrees in economics and physics.
CEOs and their tenures
Burlington
- Monroe Milstein1972–2006
Founder and Chief Executive Officer
Milstein opened the first Burlington Coat Factory in Burlington, New Jersey, in 1972, broadened it from discount coats into year-round family apparel, shoes, baby and home goods, and took it public in 1983.
Source - Mark Nesci2006–2008
Chief Executive Officer
A 37-year Burlington veteran, Nesci became CEO in 2006 after Bain Capital took the company private for about $2.06 billion. He retired in December 2008, remaining an equity investor and senior adviser to the board.
Source - Tom Kingsbury2008–2019
President and Chief Executive Officer
A former Kohl's senior executive, Kingsbury was hired by Bain Capital in December 2008 to revamp buying, inventory management and the supply chain.
Source - Michael O'Sullivan2019–present
Chief Executive Officer
O'Sullivan joined from Ross Stores, where he spent 16 years and finished as president and COO, and became CEO around September 16, 2019.
Source
SpaceX
- Elon Musk2002–present
Founder, CEO & Chief Engineer
Under Musk, SpaceX became the highest-cadence launch provider and built Starlink into its largest revenue segment. He led the company through its June 12, 2026 IPO, priced at $135 per share and raising $85.7 billion.
Source - Gwynne Shotwell2002–present
President and Chief Operating Officer
As President and COO since 2008, she has managed day-to-day operations and strategic customer relationships, guiding the company to unprecedented launch cadences and billions in recurring Starlink revenues.
Source
Timeline: Burlington and SpaceX side by side
1972Burlington
Burlington Coat Factory opens
Monroe Milstein bought a coat outlet in a former factory building in Burlington, New Jersey, and sold brand-name coats at discount prices, the start of Burlington Coat Factory.
1983Burlington
First public offering
Burlington Coat Factory Warehouse Corporation went public for the first time, funding expansion from a regional discounter into a national chain with year-round apparel, shoes, baby and home departments.
1989Burlington
Cohoes Specialty Stores acquired
Burlington bought the Cohoes Specialty Stores off-price chain from upstate New York, including a 50 percent stake in the Cohoes Commons building; a few stores still traded as Cohoes Fashions decades later.
2002SpaceX
SpaceX is founded
Elon Musk founded Space Exploration Technologies Corp. to reduce launch costs and make Mars settlement technically possible.
2006Burlington
Bain Capital takes Burlington private
Bain Capital acquired Burlington Coat Factory for about $2.06 billion, ending 34 years of Milstein family control. Long-time executive Mark Nesci became chief executive.
2008Burlington
Tom Kingsbury named CEO
Former Kohl's executive Thomas Kingsbury became president and CEO in December 2008, succeeding Mark Nesci, and began overhauling buying, inventory management and the supply chain.
2008SpaceX
Falcon 1 reaches orbit
Falcon 1 became the first privately developed liquid-fuel rocket to reach orbit, rescuing SpaceX after three failed attempts.
2012SpaceX
Dragon reaches the ISS
Dragon became the first private spacecraft to dock with the International Space Station, proving SpaceX could serve NASA cargo missions.
2013Burlington
Return to the stock market
Burlington Stores priced its IPO on October 2, 2013, selling 13.3 million shares at $17 each for about $226 million, and listed under the ticker BURL.
2015SpaceX
Falcon 9 booster landing
SpaceX landed an orbital-class booster, establishing the technical base for reusable launch economics.
2017SpaceX
Orbital booster reflight
SpaceX reflown an orbital-class booster, pushing reuse from demonstration into operating model.
2019Burlington
Michael O'Sullivan becomes CEO
Former Ross Stores president and COO Michael O'Sullivan succeeded Tom Kingsbury as CEO around September 16, 2019, and later launched the Burlington 2.0 plan of leaner inventories and smaller stores.
2020Burlington
Online sales end and stores close for the pandemic
On March 5, 2020, Burlington said it would shut its e-commerce business. Days later pandemic lockdowns closed its stores, and fiscal 2020 revenue fell to $5.76 billion with a $216.5 million net loss.
2020SpaceX
Crew Dragon carries astronauts
SpaceX became the first private company to carry astronauts to orbit, restoring U.S. crew launch capability.
2021SpaceX
Acquired Swarm Technologies
SpaceX acquired Swarm Technologies.
2023Burlington
Bed Bath & Beyond leases
Burlington won 44 Bed Bath & Beyond leases for $12 million at the June 2023 bankruptcy auction, the largest share of the 109 sold, and later reported 62 former Bed Bath & Beyond leases in total.
2023SpaceX
Starship flight testing begins
SpaceX conducted the first integrated Starship flight test, starting the high-risk development cycle for its next launch system.
2025Burlington
Joann leases
After Joann's second bankruptcy, Burlington agreed in April 2025 to take over 45 Joann store leases, many of which became part of its fiscal 2026 opening program.
2025SpaceX
FY2025 revenue reaches $18.674B
SpaceX reported $18.674B in FY2025 revenue and a $4.937B net loss in its 2026 prospectus.
2026Burlington
Record fiscal 2025 results
Burlington reported fiscal 2025 total revenue of $11.57 billion and net income of $610.2 million, and ended the year on January 31, 2026, with 1,212 stores.
2026Burlington
Tariff refunds put into prices
In the second quarter of fiscal 2026, sales rose 11 percent to $2.998 billion. Burlington received $55 million in tariff refunds and said it would reinvest them in lower prices; the store count reached 1,287.
2026Burlington
Headquarters move to Philadelphia announced
On September 3, 2026, Burlington said it will invest $370 million to move its headquarters from Burlington Township, New Jersey, to Schuylkill Yards in Philadelphia, in phases from late 2028 or early 2029.
2026SpaceX
Prospectus lists SPCX and Starlink scale
The 2026 prospectus described a Nasdaq listing under SPCX and about 10.3M Starlink subscribers as of March 31, 2026.
Acquisitions
Burlington
- Joann store leases2025Undisclosed
- Bed Bath & Beyond store leases2023$12M
- Burlington Coat Factory (taken private by Bain Capital)2006$2.1B
- Cohoes Specialty Stores (Cohoes Fashions)1989Undisclosed
Questions about Burlington vs SpaceX
Who is the CEO of Burlington Stores, Inc. and SpaceX?
Burlington Stores, Inc. is led by Michael O'Sullivan and SpaceX is led by Elon Musk. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Burlington Stores, Inc. founded vs SpaceX?
Burlington Stores, Inc. was founded in 1972 — 30 years before SpaceX, which was founded in 2002. Burlington Stores, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger SpaceX.
How many employees does Burlington Stores, Inc. have compared to SpaceX?
Burlington Stores, Inc. employs approximately 83,309 people, while SpaceX employs approximately 22,621. Burlington Stores, Inc. has the larger workforce at 83,309 employees, compared to SpaceX's 22,621. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Burlington Stores, Inc. and SpaceX headquartered?
Both Burlington Stores, Inc. and SpaceX are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Burlington Stores, Inc. and SpaceX?
Burlington Stores, Inc. was founded by Monroe Milstein. SpaceX was founded by Elon Musk.
Which company has a longer operating history — Burlington Stores, Inc. or SpaceX?
Burlington Stores, Inc. has been operating for approximately 54 years, making it the more established of the two companies. SpaceX has been in operation for around 24 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Burlington vs SpaceX overview