Link here. This is a surprisingly accurate and detailed article outlining the present state of the worldwide launch industry and how SpaceX has come to dominate it. It includes a graph that illustrates what I noted in my own summary in January: SpaceX has served to rejuvenate the American rocket industry.
From the Pentagon to financial analysts, many are heralding SpaceX as responsible for bringing the rocket industry back to the United States. For decades, rockets built by United Launch Alliance flew U.S. Air Force and NASA missions on Russian engines or other systems bought overseas. “They’re an all U.S. launcher. For a long time our military and intelligence capability was not launched using all U.S. capability,” Carissa Christensen, CEO of consulting firm Bryce Space and Technology, told CNBC.
The Air Force continues to award SpaceX hundreds of millions of dollars in launch contracts, with Secretary Heather Wilson telling Congress in March that the decreasing cost to launch is “enabling business plans to close in space that never were possible before.”
“For a decade and a half, launch costs were ballooning until SpaceX came in and said, ‘We can do it cheaper,'” Sam Korus, ARK Invest analyst, told CNBC.
SpaceX senior vice president Tim Hughes told Congress in a July testimony that “the U.S. had effectively ceded” the commercial rocket launch market “to France and to Russia.” Hughes showed how, before 2013, the U.S. lacked a foothold in this market. SpaceX helped the United States reclaim not just a portion but a majority in the global launch market in 2017 and represented more than 60 percent of U.S. launches while doing so.
The lower costs introduced by SpaceX has not merely allowed the U.S. to retake market share from the Russians and Europeans. It is also causing a re-awakening of the entire space industry. Satellites are being built and launched now that could not have been financed in the past, solely because the cost to put them in orbit has dropped. As a result the total number of launches is rising, providing more business for everyone.
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