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SpaceX Chipping Away at Other Major NASA Vendors’ Contract Share

Oct. 3, 2022, 9:04 AM

SpaceX and other fast-growing space launch and services companies are giving longtime defense industry incumbents a run for their NASA award money.

On Sept. 29, a few days in advance of World Space Week, SpaceX and NASA announced a project to determine whether they can shift the Hubble Space Telescope to extend its lifetime.

Lucrative projects for the agency’s key future missions and bringing legacy programs up to the speed of current technology are driving 189% growth of SpaceX’s procurement revenue out of NASA between fiscal 2018 and the end of fiscal 2022. In 2018, SpaceX made up 3.9% ...