Musk’s SpaceX Intends to Sue Over Lockheed-Boeing DOD Launch Monopoly

Elon Musk’s space company will sue the U.S. Air Force to protest a Lockheed Martin Corp.-Boeing Co. team’s monopoly on Pentagon satellite launches, the billionaire said April 25.

“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. 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 ...