Is SpaceX Rival Ariane Cutting Launch Prices?
Easy come, easy go -- SpaceX has lost the Ovzon contract.
In its earnings report for the first half of 2019, released in August, Swedish satellite telecommunications start-up Ovzon announced that the Legion-class Geostationary Orbit (GEO) satellite that Maxar Technologies is building for it will not be launched by SpaceX, as initially contracted, but by SpaceX rival (and local European space champion) Arianespace instead.
The loss of this contract could mean as much as a $90 million revenue hit for America's most prolific satellite launcher. Although SpaceX's ability to reuse its rockets has enabled it to offer Falcon 9 service at prices as low as $50 million, Ovzon's satellite was to fly aboard SpaceX's new Falcon Heavy rocket, which still costs more.
Source Fool.com
