The successful test of its Falcon 9 launcher is already paying off for SpaceX. The company has a new contract with Iridium to launch its Iridium NEXT satellite constellation on the Falcon 9 in the 2015-2017 period. The contract is said to be worth $492 million. Add that to the $1.6 billion dollar contract the company already has with NASA to deliver cargo to ISS. and SpaceX would seem to be finding its financial footing.
Of course, all that is dependent upon execution. The Falcon 9 is to be the workhorse in both the Iridium and the NASA deals, and it has flown precisely once. Production rates for the rocket will also have to pick up to meet obligations, which will mean quality control and efficiency in the production process will become more important. SpaceX obviously knows that, but knowing and executing are two different things in business.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment