Why Elon Musk’s SpaceX is a major driver for the space industry

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The founder of the world's first space ETF broke down his vision for the future of space-related investment.

currently responsible for deliveringRelated: Elon Musk shares exciting updates about the future of interplanetary travel

This reduction in price, Chanin said, allows for the economic feasibility of a whole slew of companies and industries to experiment with space-related business. The potential risk, he noted, is that a lack of competition in the launch sector could begin to hurt that same accessibility side of the industry that SpaceX has been helping. Many of SpaceX's launches are self-serving, specifically related to expanding the company's

 

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