00:00It's Benzinga bringing Wall Street to Main Street
00:02SpaceX is winding down its Falcon 9 rocket as it shifts focus to Starship, leaving companies
00:07searching for other ways to launch satellites and spacecraft according to the Wall Street
00:11Journal.
00:11SpaceX has stopped selling shared Falcon 9 missions that allow several companies to fly
00:16on the same rocket, while some companies have also been unable to secure Falcon 9 flights
00:20after 2028.
00:21The phase-out comes as launch demand is expected to exceed supply through at least the end
00:26of the decade.
00:26Satellites are being developed for national security, earth imaging, lunar cargo, and
00:31internet services.
00:32Rival rocket operators are trying to fill the gap, but increasing launch rates takes time
00:36and setbacks are common.
00:37For all things money, visit Benzinga.com
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