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SpaceX To Skeptics: We Can Beat China

4 May 2011, 20:51 UTC
SpaceX To Skeptics: We Can Beat China
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SpaceX has sent out a press release aimed at silencing the chatter that the young rocket company prices are “too good to be true” (since not even China can match SpaceX’s prices).
However in the process of defending the reputation of his rocket company, CEO Elon Musk does reveal a few interesting tidbits about SpaceX that may have rivals rethink their current practices within the industry.
The price of a standard flight on a Falcon 9 rocket is $54 million. We are the only launch company that publicly posts this information on our website (www.spacex.com). We have signed many legally binding contracts with both government and commercial customers for this price (or less). Because SpaceX is so vertically integrated, we know and can control the overwhelming majority of our costs. This is why I am so confident that our performance will increase and our prices will decline over time, as is the case with every other technology.

The average price of a full-up NASA Dragon cargo mission to the International Space Station is $133 million including inflation, or roughly $115m in today’s dollars, and we have a firm, fixed price contract with NASA for 12 missions. This price ...

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