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As said by the chief technology officer of one of the world’s largest satellite communications company, in reference to today’s scheduled 5:37 pm (Eastern) launch of Falcon 9’s first geosynchronous satellite payload. As this man and Elon Musk also added,
“I don’t want to tempt fate … but I think it’s going to have a pretty significant impact on the world launch market and on the launch industry because our prices are the most competitive of any in the world,” he said.
If SpaceX can deliver, the company’s competitors “will have to improve their designs and really strive to have next-generation rocket technology,” Musk said. “So I think SpaceX could be a powerful forcing function for the improvement of rocket technology. Not just the stuff we do ourselves, but in that we will force other rocket companies to either develop new technology that’s a lot better or they have to exit the launch market.”
Or, Halliwell added, “they have to improve their industrial process very, very significantly, and that’s really where SpaceX has rocked the show.”
The innovation and lowering of prices by SpaceX, combined with the increasing miniaturization of satellites, is going to make space more affordable to many more customers. Eventually, the competition forced upon the launch industry by these factors will make manned spaceflight itself more affordable and routine. It will open up the solar system to us all.