Apart from this, SpaceX is also the first company to propel two rockets, with both of them landing within just 48 hours.
Running track in @SpaceX BF Spaceship will look something like this pic.twitter.com/563upTfV58
— Elon Musk (@elonmusk) June 8, 2018
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SpaceX’s biggest rival is a JV between defense contractor Lockheed Martin (LMT) and Boeing – United Launch Alliance – which is seven times former’s size with a market cap of $210.06 billion. Though United Launch’s report card is not as eventful as SpaceX’s, the fact that it has the backing of defense company Lockheed Martin gives it an upper hand. It is also NASA’s primary contractor for its Space Launch System rocket.
Apart from this, what gives Boeing a slight advantage is Elon Musk’s habit of failing to fulfill expectations with regards to Tesla’s (TSLA) deliveries. Also, space travel is a field that requires massive cash reserves, something that is not often associated with Musk. On the other hand, Boeing boasts of $8.5 billion in levered free cash flow, enough to fund R&D and future launches.
In the retrospect of these aspects, it may be safe to assume that Boeing may have an upper hand in reaching the Red Planet first. But we are not writing off SpaceX either; its progress so far has earned our respect.