SpaceX Just KICKED OUT Boeing And Lockheed Martin!
SpaceX charges less than United Launch Alliance for rocket launches, although United Launch Alliance rockets have historically been more dependable. This has been a truth in the space sector for the longest time—at least as far back as newfangled space stocks are concerned. According to data from S&P Global Market Intelligence, this is why SpaceX is thought to be, at best, inconsistently profitable while Boeing and Lockheed Martin, the two companies that make up the joint venture known as the United Launch Alliance (ULA), generate profit margins in their respective space businesses that range from 6% to 9%. However, times are a-changing. The fact is that the world has recently altered, and it did so last night with the launch of SpaceX’s most recent and successful “Starlink” mission to place internet satellites in orbit. Will SpaceX put ULA out of business? Let’s find out!
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And let’s check how SpaceX and ULA compares when it comes to successfully launching rockets in space for the past few years till now.
As of August 4, 2022, ULA’s total stands at 152 straight successes. Every time ULA launches a rocket, it adds another point to the board and issues a press release boasting of how many times in a row it has launched a rocket with “100% mission success.”
While SpaceX does not or at least does not publicly provide such a count, it does not keep track of its winning streak. And according to reports, SpaceX for the past few months got ever-closer to surpassing its main competitor in space launches.
But how? Let’s check it out!
SpaceX had successfully launched rockets into orbit 179 times as of last weekend since beginning rocket launches, with a fireball, in March 2006. However, it hadn’t launched successfully 179 times in a row because one of its rockets exploded two and a half minutes into flight in 2015 and another rocket exploded while being fueled on its launchpad in September 2016. However, SpaceX and its fleet of Falcon 9 and Falcon Heavy rockets have experienced nothing but success since that time.
SpaceX successfully completed its 180th launch on Sunday night, making it its 153rd consecutive successful flight. By precisely one launch, SpaceX surpassed ULA’s winning streak in the process.
Now, ULA may have a chance to catch up to SpaceX when it launches its NROL-91 mission the following week; however, it may not, given the rate at which SpaceX is launching rockets, which suggests that it may have already pulled even further ahead by then. It’s also a foregone conclusion that SpaceX or ULA, for that matter, will experience an “anomaly” at some point in the future and ruin its winning streak.
The first stage of SpaceX’s Falcon 9 and Falcon Heavy rockets, which have respective costs of $62 million and $90 million, is reusable. Additionally, they are working on the Starship, a fully reusable Mars transportation rocket.
The launch contract for the US government has been exclusively held by ULA since 2006. This monopoly was broken in 2014 when the US Air Force authorized Falcon 9 to compete for high-profile launch contracts.
So, the question is, will SpaceX drive ULA out of business?
No, not in the near future. However, SpaceX and Blue Origin will force ULA out of business over the next five to ten years.
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