BLUF
SpaceX currently has a near-monopoly, but a new wave of space companies is on the rise—potentially threatening SpaceX’s grip on this growing industry.Summary
KEY POINTS:
- Space exploration has shifted from being government-dominated, to one that includes private-sector participation.
- US-based Rocket Lab is emerging as the most serious rival to Elon Musk’s SpaceX.
- Rocket Lab is currently developing the Neutron rocket, set to compete with SpaceX’s Falcon 9.