Legacy space companies running scared

Published May 23, 2011 4:00am ET



China isn’t the only place worried that they will not be able to compete with upstart launch companies like Space Exploration Technologies (SpaceX) — traditional American cost-plus space contractors are starting to worry as well.

In a blog posting at Forbes today, Loren Thompson of the Lexington Institute disingenuously warns us all about the dangers of relying on the company.  Atop an unflattering photo of the company’s CEO, Elon Musk, the post has the scary title: “What NASA Risks By Betting On Elon Musk’s SpaceX.”

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