Billionaire Elon Musk Takes on "the Entire Space Industry"

Elon Musk is a predator -- by which I mean to say, he eats competitor profit margins for breakfast.Since setting up SpaceX in 2002 as a launcher of large rockets to compete with Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), Musk has methodically moved to take over the entire space industry -- or at least its most profitable parts -- piece by piece.In 2019, when he saw companies like Spaceflight Inc. making money bundling lots of small satellites into packages that could be launched cheaply on SpaceX Falcon 9 rockets, Musk announced the start of SpaceX "Transporter" missions to do the same thing. Within just a few months, Spaceflight was driven out of the business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool