A banker from Lazard recently warned that SpaceX, led by Elon Musk, could be forming a monopoly in the space business. Founder of SpaceFund and Space Frontier Rick Tumlinson, who invests in SpaceX, disagrees. Tumlinson says SpaceX is moving so fast and doing so well that it’s “more incumbent on the other companies to catch up, to adapt, and to move forward to compete at the same level as SpaceX.” When it comes to rivals, Tumlinson says Rocket Lab (RKLB) is new and advises people to “give them some time,” adding that CEO Peter Beck and the company will be “nipping at Elon’s heels.”
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