Abstract:Existing research on disruptive innovation lacks a complete description of disruptive innovation driven by business model. By analyzing the space transportation model proposed by SpaceX, this study reveals the innovation dimension related to disruptive innovation driven by business model. The study found that disruptive technologies can be the basis for business model innovation, but business model innovation can also lead to the research and development of disruptive technologies. Moreover, disruptive innovation includes a series of organizational activities such as open business model, organizational structure, and corporate culture. The study proposes business model-driven disruptive innovation, which opens the black box of business model-driven innovation process, and this research emphasizes that disruptive innovation requires holistic reform and innovation thinking.