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.

References