New rocket startups will invariably have to face comparisons to SpaceX — the company's successful pioneering of reusable rocket technologies has

Phantom Space: A new rocket startup says it can launch at half the cost of SpaceX

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2022-09-21 03:00:08

New rocket startups will invariably have to face comparisons to SpaceX — the company's successful pioneering of reusable rocket technologies has positioned it as a reference point for all private space firms.

The trouble is that, given SpaceX's achievements, it's a high bar to live up to, and the comparisons will increasingly become unfavorable the longer a company goes without bringing something new and substantial to the table.

Jim Cantrell, CEO and co-founder of startup Phantom Space doesn't shy away from those comparisons. In fact, he claims his company aims to outdo Elon Musk's space firm when it comes to small, cost-effective payload launches.

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