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Stock impact report

SpaceX president says ‘there is plenty of room for competition,' as Starlink nears 5 million customers [CNBC]

Telesat Corporation (TSAT) 
Company Research Source: CNBC
“It's going to be hard to catch us, but I certainly hope people try,” Gwynne Shotwell said, speaking at the Baron Investment Conference in NYC. SpaceX's Falcon rockets have launched more than 100 times this year and counting, while its Starlink satellite internet network is now serving almost 5 million customers. SpaceX's second-in-command urged on rivals in comments Friday, describing competition as healthy for Elon Musk 's space company. “I hope others can catch up, right? Competition is good for industries. … It keeps us tight; it keeps us very focused,” SpaceX President and COO Gwynne Shotwell said, speaking at the 2024 Baron Investment Conference in New York. “It's going to be hard to catch us, but I certainly hope people try,” Shotwell added. SpaceX has reached a dominant position in the global launch industry as its semi-reusable Falcon rockets have launched more than 100 times this year and counting. The next closest U.S. rocket company, Rocket Lab , has launched to Show less Read more
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