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Marketplace Tech

SpaceX engineered cheaper space flight, but startups are entering the market

Marketplace Tech

American Public Media

Technology, News

4.61.2K Ratings

🗓️ 19 November 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

President-elect Donald Trump has tapped Elon Musk to co-lead a new Department of Government Efficiency. And the CEO of Tesla and SpaceX, who is also the owner of X, does have a record of wringing efficiencies out of his businesses. But the move raises many questions, like should someone whose companies benefit from federal dollars have a hand in making budget decisions? SpaceX alone has secured about $15.4 billion in federal contracts over the last decade, helping it become the dominant player in the industry. So, how has SpaceX rocketed ahead of the competition, and can anyone catch up? Ashlee Vance, the author of “When the Heavens Went on Sale” and a writer for Bloomberg, pointed to reusable rockets, an innovation that was on spectacular display when SpaceX tested its Starship system last month.

Transcript

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0:00.0

Elon Musk wants to cut the federal budget, like he cut the cost of space launches.

0:07.8

From American Public Media, this is Marketplace Tech. I'm Megan McCarty Carrino. President-elect Donald Trump has tapped Elon Musk to co-lead a new Department of Government

0:28.0

Efficiency. The CEO of X, Tesla, and SpaceX does have a record of ringing efficiencies out of his

0:35.4

businesses. But the move raises many questions, like

0:39.8

should someone whose company's benefit from federal dollars have a hand in making budget decisions?

0:47.6

SpaceX alone has secured about 15.4 billion in federal contracts over the last decade,

0:56.0

helping it become the most dominant player in the industry. So just how has SpaceX rocketed ahead of the competition?

1:02.2

And can anyone catch up? We asked Ashley Vance, a reporter at Bloomberg Business Week,

1:07.9

an author of When the Heavens Went on sale. He pointed to the innovation

1:12.5

of reusable rockets, an achievement on spectacular display when SpaceX tested its starship system

1:19.5

last month. For most of the history of rockets, they've been disposable. It's not like a plane.

1:25.4

We're used to planes obviously going back and forth and you don't throw them away.

1:29.4

So about 15 years ago, SpaceX started working on this idea that you could land.

1:35.6

Usually these rockets divide into two stages.

1:38.4

And the biggest one that people see is the first stage.

1:41.9

That's kind of the bulk of the rocket, the tower.

1:44.7

And so they decided they wanted to try to land that back on Earth.

1:48.4

And about a decade ago, after five years of work, they really figured it out, started landing

1:54.2

this booster back.

1:56.0

This is on their Falcon 9 rocket, which is a bit smaller.

1:59.1

And they've been doing it ever since. And they're really

2:01.7

the only company that has figured this reusability out. And is this kind of the main component

...

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