Polaris Founder Denies Elon Musk's SpaceX Is Undercutting Rivals To Win Launch Contracts: 'He Personally Has More Resources Than Anyone Else In The World To Invest In What He Believes In'
- Jared Isaacman defended SpaceX against allegations of undercutting rivals to secure launch contracts.
- He confirmed that SpaceX is not operating at a loss, attributing lower launch costs to reusability and operational scale.
- These statements reflect the company’s strong financial health as it competes in the launch market.
On Saturday, Shift4 Payments CEO Jared Isaacman, a customer of SpaceX, defended the company against claims that it is underpricing competitors to secure launch contracts. He asserted that SpaceX does not operate at a loss, citing its innovative reusability technology and scalable operations that lower costs per launch. Isaacman emphasized that if SpaceX were to increase its pricing, it might allow competitors to regain market share. He stated that Elon Musk has ample resources to invest in his ventures, refuting any narratives suggesting the opposite. Isaacman, also the founder of the Polaris program, noted that SpaceX remains profitable and highly valued, despite being privately held and less transparent about its finances. Additionally, recent allegations stemmed from the U.S. Space Force's selection of SpaceX for several national security missions at approximately $733.6 million. In May, Musk indicated that SpaceX did not require additional capital and planned to buy back shares, affirming the company's robust financial status.