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Fortune
Fortune
Tristan Bove

The stratospheric rise of Elon Musk’s SpaceX's masks growing turbulence for space startups: 'We’re going to see some of that get wiped out'

Photo illustration of Elon Musk in front of a black hole and a colorful outer space background. (Credit: Photo illustration by Fortune; Original photos by Jonathan Newton/The Washington Post via Getty Images)

Elon Musk’s year has been one huge problem after another. The billionaire CEO warned that Twitter was near bankruptcy shortly after buying it for $44 billion, oversaw Tesla’s worst yearly stock performance in its history and, lastly, fell from his perch as the world’s richest person.

But Musk’s legacy may be partly determined by another company he says was, at one point, doomed to fail: His space company SpaceX.

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