
IPFS News Link • Business/ Commerce
SpaceX Will Replace Cargo Planes on Its Path to $1 Trillion per Year in Revenue
• https://www.nextbigfuture.com by Brian Wanghe global cargo airline industry generated revenue streams of $117.7 billion U.S. dollars in 2020 and is projected to make $140 billion in 2021.
The commercial rocket launch market is about $10 billion each year.
SpaceX will be able to make ten times more from point to point cargo delivery on earth than from the space launch industry.
SpaceX is rumored to be buying oil rig platforms and will convert them into rocket launch and landing facilities.
SpaceX already dominates the commercial rocket launch business with over 60% market share.
SpaceX will create a new category of rocket air delivery for same-day international deliveries and four to six-hour delivery between continents or from east coast to west coast.
The rocket cargo delivery business will be comparable to the eventual global Starlink internet revenue.