Step 1 : Introduction to the question "What is the name of Han Solo's spaceship in the "Star Wars" films?"
...Do the Kessel run in 12 parsecs?
Han Solo claimed that his Millennium Falcon "made the Kessel Run in less than twelve parsecs". A parsec is a unit of distance, not time. Solo was not referring directly to his ship's speed when he made this claim. Kessel Run
Why do they call it the Millennium Falcon? The Millennium Falcon is simply the name of Han Solo's ship. It isn't the name for that specific type of ship. If you want to know what the Ship type is, it's a YT-1300. ... The Millennium Falcon's name was inspired by a fast flying species in the Star Wars universe known as the Bat Falcon.