4/25/14

SpaceX to Sue Over Lockheed-Boeing Launch Monopoly


By Jonathan D. Salant and Kathleen Miller
Bloomberg Business Week
April 25, 2014

Elon Musk’s space company will sue the U.S. Air Force to protest a Lockheed Martin Corp.-Boeing Co. (BA:US) team’s monopoly on Pentagon satellite launches, the billionaire said today.

“These launches should be competed,” he told reporters at the National Press Club in Washington. “If we compete and lose, that is fine. But why would they not even compete it?”

Musk’s Space Exploration Technologies Corp., known as SpaceX, is trying to break the joint venture’s lock on U.S. military satellite launches, which have an estimated value of $70 billion through 2030. He has said competition in that market may save taxpayers more than $1 billion a year.

Story continues: Bloomberg Business Week

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