Notably, although there has been heavy investment in small rockets the past few years, the market is currently a tiny corner of the $400 billion space industry. The window of opportunity is already narrowing for competing small rocket companies to reach maturity, Beck believes. He said Rocket Lab is signing customers to launch on the Electron rocket that previously had been working with companies that have yet to fly.
Beck said there is “going to be some pretty decent consolidation in the next 12 to 18 months” among the number of companies building small satellites. And similarly, the market for small rocket builders “is just getting over-inflated and it seems to be getting out of whack from our perspective,” Beck said.
Beck was hesitant to crown his company the winner of the small private rocket race. It “depends on your definition of won,” he said.
“We’re the only ones putting s— on orbit,” Beck said.