Elon Musk: There Aren’t Many Industries Where One Company Does 80% of Everything

Elon Musk on SpaceX's global share of mass to orbit: “There are not a lot of industries where a company is doing 80% of everything.”

“I think the most profound metric, the metric that really describes the magnitude of what SpaceX achieved in 2023, is the mass to orbit number.

You can see the incredible change just year over year. In 2021, we're slightly below the rest of the world. In 2022, I think we roughly doubled what the rest of the world did. And last year we were 80% of all mass to orbit.

With rest of the world, we mean the rest of US industry, Europe, India, China, Japan, everyone. There are not a lot of industries where a company is doing like 80% of everything.

And then what's really mind-boggling is that that number should increase by 50% this year. On the order of 90% of all mass to orbit, not counting Starship.”

SpaceX All Hands Meeting, January 6, 2024