Chief executive officers ordinarily don’t trash talk their competitors in front of Congress. Elon Musk is no ordinary CEO.
The billionaire wants to break into a $70 billion Pentagon satellite launch market monopolized by a Lockheed Martin Corp.- Boeing Co. joint venture. Testifying before U.S. lawmakers on March 5, he warned that the team’s dependence on Russian rocket engines poses supply risks.
Musk’s remarks underlined concerns about U.S. reliance on Russia in space, which have been heightened by the crisis in Ukraine. More than four decades after landing the first man on the moon, the U.S. finds itself in a humble position: It pays Russia for rides to the International Space Station and uses its engines to launch military and spy satellites.
“We won the race and then didn’t know what the heck to do with ourselves,” said Chris Quilty, an analyst with Raymond James & Associates…
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