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SpaceX may upset firm's monopoly in launching Air Force satellites
SpaceX may upset firm's monopoly in launching Air Force satellites

Entrepreneur Elon Musk and his upstart company SpaceX are on the verge of upsetting a cozy and pricey military deal that for years has given two aerospace giants the exclusive right to launch the Air Force's most crucial satellites into orbit. In recent years, those satellite launches have become so expensive under the Air Force's controversial contract with a joint venture owned by Boeing Co. and Lockheed Martin Corp. that the missions now rank as the nation's fourth-most-costly weapons program. Musk has said his company can perform a satellite launch for less than $100 million — a fraction of the price charged by the Boeing-Lockheed joint venture. The average...

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