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Rocket Lab CEO: 'We have the right combination' to break SpaceX’s monopoly

Yahoo Finance
Summary
Nutrition label

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Rocket Lab's Neutron rocket set to take off in mid-2025 .

Rocket Lab CEO Peter Beck says he is poised to pose the most formidable threat to what he describes as a “technical monopoly” held by Elon Musk and SpaceX.

Beck says the company feels very good” about the launch date, following a successful “hot fire” test of its new Archimedes engine.

Neutron has two Mars -bound spacecraft set for launch in Cape Canaveral , Florida .

A successful launch would pose the most direct challenge to Musk and SpaceX.

Beck says 38% of everything that went into orbit last year had a Rocket Lab logo on it.

China launched its first satellite constellation into orbit earlier this month .