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You are at:Home » Space Here’s why
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Space Here’s why

Adnan MaharBy Adnan MaharJanuary 22, 2025No Comments2 Mins Read0 Views
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Elon Musk’s SpaceX is one of the first names that comes to mind when you think of space research companies, and at one point even gave funding to NASA. But there have been strong developments by another upstart space company, Rocket Lab, which has increased its launch pace by 60% in 2024. This technically means its growth rate is higher than SpaceX’s growth rate of about 41%, the report said.

Rocket Lab’s launch cycle exceeds SpaceX’s

Rocket Lab will launch projects into space 10 times in 2023, increasing to 16 times in 2023. This means that launch frequency has increased significantly. But while the company’s growth rate is faster than SpaceX’s, its launch numbers still fall far short of Elon Musk’s company, which has launched as many rockets as all the worlds combined, according to a Motley Fool report.

Will Rocket Lab’s growth be a problem for Blue Origin?

Jeff Bezos reportedly introduced his pet space project ‘Blue Origin’ to compete with Elon Musk’s SpaceX, based on substantial growth report in 2016 Rocket Lab could bear the brunt of this growth, as market investment could shift toward Rocket Lab. The last few years.

FAQ:

Is Blue Origin owned by Jeff Bezos?
Blue Origin is a space project by billionaire businessman and Amazon CEO Jeff Bezos.

What is Rocket Lab’s launch cycle?
Rocket Lab has launched projects into space a whopping 16 times in 2024 itself, up from 10 times in 2023.

Disclaimer: This content is created by a third party. The views expressed here are those of the respective authors/organizations and do not represent the views of Economic Times (ET). ET does not endorse, endorse, endorse, or in any way be liable for its content. Please take all necessary steps to ensure that the information and content provided is correct, updated, and verified. ET disclaims all warranties, express or implied, with respect to the report and its contents.



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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