SpaceX to challenge US Air Force rocket monopoly, citing Russia sanctions risk

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Space Exploration Technologies said it will take legal action against the US Air Force, in an effort to open up competition in the multibillion-dollar satellite launch market, dominated by just two defense contractors.SpaceX, which has the distinction of being the first private company to send a spacecraft to the International Space Station, hopes to go where no other start-up company has gone before: In a courtroom showdown with the US Air Force, which presently contracts rocket launches to just two defense contractor companies, Lockheed Martin and Boeing. Elon Musk, the founder and CEO of SpaceX, is looking to the courts to reopen bidding for contracts on rocket cores, contracts for which have been valued at $70 billion through 2030. However, Musk must contend with the so-called United Launch Alliance (ULA), a 50-50 joint venture between Lockheed Martin and Boeing that has no intention of sharing the pie.

For full report read ….. http://rt.com/usa/155148-spacex-us-air-force/

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