00:00It's Benzinga bringing Wall Street to Main Street
00:02SpaceX is winding down Falcon 9 as a rocket supply crunch sends companies searching for
00:06new ways to launch satellites and spacecraft, according to the Wall Street Journal. The
00:10company has stopped selling shared Falcon 9 missions, while some companies have been
00:14unable to secure flights after 2028. Launch demand is expected to outstrip supply through
00:19at least the end of the decade as governments and companies plan thousands of satellite deployments.
00:24Rival rocket operators are working to expand capacity,
00:27but new vehicles have faced delays and setbacks. Falcon 9's standard launch price has risen 19%
00:33over five years to $74 million. SpaceX plans to focus on Starship while continuing Falcon
00:38flights for customers for several more years. For all things money, visit Benzinga.com.
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